anasomar6127 anasomar6127
  • 05-08-2021
  • Mathematics
contestada

How much would you have to
deposit today to have an
accumulated amount of
$20,000 in 20 years if yearly
interest is 4.75% compounded
continuously?

Respuesta :

khoa18050
khoa18050 khoa18050
  • 05-08-2021

Because the account is compounded continuously, Euler number is required

e = 2.7182818

Ver imagen khoa18050
Answer Link

Otras preguntas

What is the perimeter of a square 6ft by 8ft
Is this an even or odd function? f(x)=5-3x
Carina will drive 4.5 hours at an average speed of 55 miles per hour to reach her parents' house. How many miles will she drive?
What was the major issue that kept Dred Scott from getting his freedom? Select one: a. He should have tried when he was in a free state. b. The Supreme Court ru
According to the Declaration of Independence, where does a government’s power come from?
Which statement about George Washington, Baron von Steuben, and George Rogers Clark is true? A. They were presidents of the United States. B. They were military
what is the decimal 1.38 equal as a mixed number?
Write an algebraic expression for the phrase:six times a length w
what is an open attack, usually armed?
1. Describe one major difference in human behavior before and after the Agricultural Revolution, 10,000 years ago