The amount of $7389.43 has to be invested at 5.9% interested continuously to have $15,000 after 12 years.
Step-by-step explanation:
The given is,
Future value, F = $15,000
Interest, i = 5.9%
( compounded continuously )
Period, t = 12 years
Step:1
Formula to calculate the present with compounded continuously,
...............(1)
Substitute the values in equation (1) to find the P value,
( ∵ )
( ∵ )
We change the P (Present value) into the left side,
≅ 7389.43
P = $ 7389.43
Result:
The amount of $7389.43 has to be invested at 5.9% interested continuously to have $15,000 after 12 years.
Hey There!
To find the rate of change, simply use the following formula.
y2 - y1 = x2 - x1
Keeping this in mind, let's begin to solve.
3 - 4 = -1
1 - (-1) = 2
Therefore, the answer would be C
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You can use photomath for this
Answer:
down below
Step-by-step explanation:
7/8:2 =0.4375