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

In The Time Machine, the Time Traveller comes to three different conclusions about how Eloi society functions. Describe each of the three conclusions.
Are 14 and 17 a big age difference in relationships?
Business documents can include all of the following except ____.
I need help with this question.
Please show me the work thank you
Kite QRST has sides RS, ST, TQ and QR. What are the diagonals of this figure? Select all that apply.
asap!!!!!!!!!!!!!!!! George and Martha both have the choice to go to the movies. George decides to go, while Martha decides to stay home. The example illus
What is one of the outstanding festivals in the city of Oaxaca?
What common beliefs connected participants in the second great awakening? apush?
Do you think the united states was right to stay neutral for so long why or why not