36salehdaoud 36salehdaoud

24-04-2020
Mathematics

contestada

You want a savings account to grow to $5000 in 10 years. If interest is 3.5% compounded continuously, how much should you invest?

Respuesta :

amna04352 amna04352

24-04-2020

Answer:

$3523.44

Step-by-step explanation:

5000 = X × e^(3.5/100)(10)

X = 5000 ÷ e^0.35

X = 3523.440449

Answer Link

Otras preguntas

The number n has the form 3^x5^y where x and y are positive integers. You are given that 90/n is an integer. What is the greatest possible value of n? A. 15 B.

How old is barack obama's oldest daughter?

Anne Hutchinson accused the ministers of the Massachusetts Bay Colony of preaching an "incorrect" idea as part of the Puritan doctrine. What was that "wrong ide

Every fourth visitor to a museum gets a free bumper sticker.Every tenth visitor to that museum gets a free key chain.Which ordered visitor will be the first one

why do metals conduct electricity? A. Because the electrons in metals stay closer to the nuclei of the atoms B. Because all lattices conduct electricity C. Beca

Why was the Battle of Saratoga a turning point in the war? A. It forced the British to abandon their southern strategy. B. It was a draw, but showed

Round 9.765 to the nearest tenth

A ____ is a collection of computers and devices connected together via communications devices and transmission media.

An employee at plant A receives a salary of $350 per week and a 2.9% bonus on the production sales for the week. If the sales for the week are $5,600, what is h

Which god's festival was the cause for developing dramatic performances?