krbostic723 krbostic723

14-11-2017
Mathematics

contestada

How much money has to be invested at 6.2% interest compounded continuously to have $20,000 after 15 years?

Respuesta :

jorel1380 jorel1380

14-11-2017

FV=P*e^15(.062)
20000=P*e^.93
20000/P=e^.93
ln 20000/P=ln e^.93=0.93 ln e=0.93
ln 20000-ln P=0.93
8.9734875525361280454891979401956=ln P
P=$7891.07 needs to be invested to have $20,000 after 15 years
☺☺☺☺

Answer Link

Otras preguntas

picture sequence story

Which equation represents the line that passes through (-6, 7) and (-3, 6)?y=-1/3x+9y=-1/3x+5y=-3x-11yy=-3x+25

Which of these selections best describes Okonkwo thins fall apart

Will you simply refrain from asking questions? If so, is this a pattern you care continue?

Which one is correct

it was not one of the voting barriers used to prevent african american men from exercising the right to vote granted by the fifteenth amendment. quizlet

Can someone give me a topic sentence for this with the author's name and title of the article? (FLVS) Title: How Shoes Came to Be: The Story in the Making of a

PLS HELP SHOW WORK ALSO WRITE THE SOLUTION AND EQUATION

step 3 of this protocol describes using a minimal amount of boiling solvent to dissolve your impure solid. why is it important to use only a minimal amount of s

How do you solve these?