Answer:
(a) The future value after 9 years is $7142.49.
(b) The effective rate is .
(c) The time to reach $13,000 is 21.88 years.
Step-by-step explanation:
The definition of Continuous Compounding is
If a deposit of dollars is invested at a rate of interest compounded continuously for years, the compound amount is
(a) From the information given
Applying the above formula we get that
The future value after 9 years is $7142.49.
(b) The effective rate is given by
Therefore,
(c) To find the time to reach $13,000, we must solve the equation
Answer:
21
Step-by-step explanation:
21
Answer:
9.1
Step-by-step explanation:
cus I seen it on usatesprep
Answer:
that is the answer
Step-by-step explanation:
Y = ln |1 + t - t^3| = (1 - 3t^2)/(1 + t - t^3)