An initial amount of $3500 is invested in an account at an interest rate of 4% per year, compounded continuously. Assuming that no
withdrawals are made, find the amount in the account after six years.
Do not round any intermediate computations, and round your answer to the nearest cent.

Question

08-06-2024
Mathematics

Answered

Discover a wealth of knowledge at Westonci.ca, where experts provide answers to your most pressing questions. Experience the convenience of getting reliable answers to your questions from a vast network of knowledgeable experts. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

An initial amount of $3500 is invested in an account at an interest rate of 4% per year, compounded continuously. Assuming that no
withdrawals are made, find the amount in the account after six years.
Do not round any intermediate computations, and round your answer to the nearest cent.

Sagot :

Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.

the Revenue for the week is $2000, and labor cost consists of two workers earning $8 per hour who work 40 hours each, what is labor cost as a percentage of Reve

Pigs, spiders, elephants, and other animals that rely solely on instinct act as they do because they lack a ________. A) cerebral cortex B) brain C) central ne

The two sociologists who referred to society as being a kind of living organism were _______ and ________. A) Auguste Comte; Emile Durkheim B) Karl Marx; Max We

A distance between two consecutive troughs in a wave motion train produced in a string is 5 cm. Find speed of wave , if two complete waves pass through any poin

Alaine has 1 gallon of paint. She is going to pour it into a paint tray that measures 10 inches wide, 12 inches long, and 5 cm deep.(1 gallon = 231 in3, 1 inch

Consider the following 1.0 mol L–1 solutions. Which one of the following lists the solutions in decreasing order (that is, strongest to weakest) of electrolyt

What trapezium numbers are less than 100?

Because of her outstanding contributions to social reform, as demonstrated in her work as co-founder of HullHouse, ________ was a co-winner of the Nobel Peace P

The automobile, and the skills needed to drive it, would be an example of ________. A) nonmaterial culture B) technology C) cultural leveling D) cultural adapta

For what values of x is the expression below defined?√2x^2 divide by √5xa/x=0b.x<0c.x>0d.x<1

Sagot :

Other Questions