ceng2552 ceng2552
  • 01-05-2020
  • Mathematics
contestada

how would I calculate this

how would I calculate this class=

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 02-05-2020

Answer:

  $18,413.01

Step-by-step explanation:

Use the formula for interest compounded continuously:

  A = Pe^(rt)

where P is the principal invested ($14,000), r is the annual interest rate (.0685), and t is the number of years (4).

  A = $14,000·e^(.0685·4) = $14,000·e^0.274

  A ≈ $18,413.01

Answer Link

Otras preguntas

Each of the following was part of the mummification process except __________. A. the body was wrapped in cloth B. priests wrote spells on the coffin C. the maj
Please answer correctly it important to me
A corporation issued 8% bonds with a par value of $1,000,000, receiving a $20,000 premium. On the interest date 5 years later, after the bond interest was paid
The pancreas secretes two hormones—glucagon and insulin—that have opposite effects on blood glucose levels. Which best describes how body cells receive glucagon
What was a major goal of the soviets after the war
what is the improper fraction of 1 1/8
Work with a partner to answer the question "What do you think was the greatest impact of Islam on West African culture? Come to an agreement, and then create a
I'm not old enough to vote. Is it okay that i love reading and studying politics? Or is it something that i should stop and wait until i'm 18...
I need it step by step please​
I got a few more pls help