amberheyward13 amberheyward13
  • 03-07-2020
  • Mathematics
contestada

Jamie is investing $47,000 in an account paying 9.26% interest compounded continuously. What will Jamie's account balance be in 17 years?

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 02-04-2021

9514 1404 393

Answer:

  $226,863.29

Step-by-step explanation:

The amount is given by ...

  A = Pe^(rt)

where principal P is invested at annual rate r for t years.

  A = $47,000×e^(0.0926×17) ≈ $226,863.29

Answer Link
elephantlover1288
elephantlover1288 elephantlover1288
  • 05-04-2021

Answer:

the answer is $226,863.29

Answer Link

Otras preguntas

Functions of nervous system ??
this isn’t really a school related question. but can you workout with a belly piercing?
To paint a house, a painting company charges a flat rate of 500$ for supplies, plus 50$ for each other hour of labor
find the sum of the following 7x³+5x²-2x+1 and 8x³-4x+4-12 ​
help me with this[tex]3x + (x + 7)(2x - 1)[/tex]​
8. Which of the following countries is the most extreme example of a centrally-planned economy? Hong Kong Great Britain North Korea
35% of a number is what fraction of that number?
complete each proof using the properties of equality.Given -8(x-3)=-32 proof; x=7
Why understanding people and getting to know local people are difficulties when living and studying abroad.
The number which when added to its half gives 30. What is the number?​