apr5ectiondams apr5ectiondams

08-07-2016
Mathematics

Answered

how much would $500 invested at 4% interest compounded continuously be worth after 7 years? round your answer to the nearest cent

Verified Answer :

olemakpadu olemakpadu

09-07-2016

P = 500, r = 4% = 0.04 per year, n = 7 years.

A = P(1 + r)ⁿ

A = 500(1 + 0.04)⁷

A ≈ 500(1.04)⁷ ≈ 657.97

Amount ≈ $ 657.97

Answer Link

Related Questions

HELP ASAP PLEASEDUE TOMORROW btw number 9

What is the solution to this inequality 93xgt2x3

What is the atomic number of an element a The number of valence electrons c The number of electrons in the inner most shell b The number of protons in the nucle

which would you use to compare 1112 and 56 a common numerator or a common denominator

Mountain climbers can use a map to tell them the of their climb a topographic elevation and steepness b geologic shape c topographic type of rock d geologic ele

Will Upvote if answered Charlton is 1 56 miles from Wilton 1 23 miles from Hoover City and 2 15 miles from Yorktown What is the order of these distances in orde

What are the different lines in maps or in globes please describe each line

Jeannie is 8 years older than her younger sister April When added together their ages equal 198 How old is April

A jacket costs 35 and has an 8 percent tax rate Which expression will find the cost of the tax on the jacket

if 3T 7 equals 5T then 6t equals what and why

Web Analytics