ceng2552 ceng2552
  • 01-05-2020
  • Mathematics
contestada

how would I calculate this

how would I calculate this class=

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 02-05-2020

Answer:

  $18,413.01

Step-by-step explanation:

Use the formula for interest compounded continuously:

  A = Pe^(rt)

where P is the principal invested ($14,000), r is the annual interest rate (.0685), and t is the number of years (4).

  A = $14,000·e^(.0685·4) = $14,000·e^0.274

  A ≈ $18,413.01

Answer Link

Otras preguntas

What are 3 possible challenges Darwin might have faced
What is the value of x? Enter your answer in the box. x =
How can atoms fill their outer electron shell? They can share electrons. They can gain electrons. They can lose electrons. all of these
What numbers have the absolute value of 1/2
what are the six main principles outlined in the Constitution?
PLEASE ANSWER ALL QUESTIONS!!! PLEASE HELP ME!
Do you think you could survive in today's world if you promised yourself that you would always act honorably? do you think such a life is possible?
What is the probability that for exactly two calls the lines are occupied? round your answer to four decimal places (e.g. 98.7654)?
According to lecture, having adequate brain development is a critical factor in attaining what?
Round 38,237 to nearest ten thousand