lovetatyana77 lovetatyana77
  • 11-05-2020
  • Mathematics
contestada

If $3,000,000 is invested at 6% interest compounded continuously, how much
will the investment be worth in 35 years?

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 13-05-2020

Answer:

  $24,498,509.74

Step-by-step explanation:

The formula for the value as a function of time is ...

  V(t) = P·e^(rt)

Filling in the numbers and doing the arithmetic, we have ...

  V(35) = 3,000,000·e^(0.06·35) ≈ 24,498,509.74

Compounded continuously for 35 years, the investment will be worth $24,498,509.74.

Answer Link
507352 507352
  • 07-04-2021

Answer: 24,498,509.74

Step-by-step explanation:

Ap.ex

Answer Link

Otras preguntas

which number sentence is true 4.05=0.45 4.05<0.45 0.45>0.5 0.45<0.5
have a good day everyone
SOMEONE PLEASE HELP ME RN!!! Ill mark brainliest
6x + 8 = 5x - 7 solve for x plssss
In this passage, the ghost speaks to Hamlet. Which definition best fits the word lightest as it is used in the passage? weighing the least palest gentlest brigh
All of the following are useful blending tools when creating pencil drawings, except which? a. gum c. shammy b. eraser d. tortillians Please select the best ans
Jeff wants to open a basic savings account. He should go to or to open the account
MULTIPLE CHOICE QUESTION Who writes most of the bills for the members of Congress (the House and Senate)? Staff Members Citizens The President
help me with this please
Define the word: monologue