Wyatt is going to invest $58,000 and leave it in an account for 19 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent, would be required in order for Wyatt to end up with $109,000?

The answer which is the rate, should be 3.3%

3.3%
Round to the nearest tenth of a percent which is 3.3 %

Question

03-03-2021
Mathematics

Answered

Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

Wyatt is going to invest $58,000 and leave it in an account for 19 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent, would be required in order for Wyatt to end up with $109,000?

The answer which is the rate, should be 3.3%

3.3%
Round to the nearest tenth of a percent which is 3.3 %

Sagot :

Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.

In 2023, the Supreme Court ruled that colleges such as Harvard and UNC could not use race as a factor in admissions and that doing so violated the equal protect

Complete the math problems by filling in the missing numbers. Write the numbers as words.1. ___ - 14 = 92. 17 + 12 = ___3. ___ - 5 = 84. 20 - 20 = ___5. 1 + 13

Is the function h(x) = x sin( 1 /x ) uniformly continuous on (0, 1)?

The more individuals or groups have to work together or collaborate to accomplish a goal, the greater the likelihood of conflict if different expectations or go

It takes 5 minutes to fill the sink using only the cold water. If both the hot water and the cold water are turned on, it takes 2 minutes to fill the sink. Whic

El proceso comercial para formar amoníaco [tex]$\left( NH_3 \right)$[/tex] se basa en esta ecuación:[tex]\[ N_{2(g)} + 3H_{2(g)} \rightarrow 2NH_{3(g)} \][/te

Read the passage from Chapter 7 of Animal Farm:"If she [Clover] could have spoken her thoughts, it would have been to say that this was not what they had aimed

Express y=-4x2+12x-9 in the form: y=a(x-h)2+k a. y=-4(x-3/2)2+9 b. y=-4(x-3/2)2-9 c. y=-4(x-3)2 d. y=-4(x-3/2)2

The cost of an article is Rs160. What should be the selling price of he article to getting profit 15 percent?