yafreizi
yafreizi yafreizi
  • 01-06-2021
  • Mathematics
contestada

How much should you invest at 4.8% compounded continuously to have $5000 in 2 years?

Respuesta :

cadencem20
cadencem20 cadencem20
  • 01-06-2021

Answer:

The total compound interest is $502.74 i think

Step-by-step explanation:

Answer Link
halimanadama864
halimanadama864 halimanadama864
  • 01-06-2021

24/5

[tex] \frac{24 \times 5000 }{5 \times100 } = \frac{240 \times 5000}{100} = 240 \times 50 = 12000 =12000 + 240 = 12240 [/tex]

Answer Link

Otras preguntas

What is the equation of the following graph?
First former ffa member elected to u.S. Presidency
What are the co-vertices of the following graph?
how did the eastern and western churches view religious authority differently​
Which number is most likely an irrational number? 2.200000000... 21.844444444... 45.320320320... 0.180942869... A. 45.320320320... B. 2.200000000... C. 21.84444
What is the expanded form or word form for 3.46 and also for 0.346.
twice a number increased by 6
What is the arm signal for a left turn?​
Solve the Inverse Function
if the binomial (x+y)^7 were expanded, what would be the coefficient of each term?