cardenasnayely cardenasnayely

04-06-2017
Mathematics

contestada

how much money has to be invested at 5.9% interest compounded continuously to have 15,000 after 12 years?

Respuesta :

Aliwohaish12 Aliwohaish12

04-06-2017

Hi there

The formula is
A=pe^rt
We need to solve for p where
A future value 15000
P present value?
E constant
R interest rate 0.059
T time 12 years
So when you solve for p you get
P=A÷e^rt
P=15,000÷e^(0.059×12)
P=7,389.43

Hope it helps

Answer Link

gpheffernan gpheffernan

02-07-2019

7389.43

Step-by-step explanation:

Answer Link

Otras preguntas

a rectangle has an area of 30 square meters and a perimeter of 34 meters. what are the dimensions of the rectangle?

what is the first 12 numbers in pi?

What is the velocity of an object that has a mass of 2.5 kilogram and a momentum of 1,000 kg·m/sec?

How were chariot drivers protected in the Circus Maximus

Approximately how many miles apart are Petrograd and Moscow ? A. 200 B. 350 C. 500 D. 650

what is the density of a orange if its mass is 158.2 g and the volume is 106 mL

What part of the cell produces ATP for the blueberry plant to grow? A. Mitochondrion B. Cytoplasm C. Ribosome D. Nucleus

Where and when did Martin Luther King Jr. die?

Hello. For my french class I have to write a letter to my french friend. In this letter I have to talk about spending my holiday at his house. (for example: wha

Write -90.85 as a mixed number in simplest form.