Ms. Cubbatz invested a sum of money in a certificate of deposit that earns 8% interest compounded continuously. The formula for calculating interest that is compounded continuously is A = Pe". If Ms. Cubbatz made the investment on January 1, 1995, and the account was worth $12,000 on January 1, 1999, what was the original amount in the account?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Ms. Cubbatz invested a sum of money in a certificate of deposit that earns 8% interest compounded continuously. The formula for calculating ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
763 thousandths written in scientific notation
Answers (1)
On a math course, a student scored 95 on the test, 92 on the second test, 83 on the third test, 75 on the fourth test and 53 on the fifth test and 70 on the last test.
Answers (1)
What is 11/4 to a decimal
Answers (1)
F (x) = - 3x + 2. What is the value of f (-2) ?
Answers (2)
What is short vowel patterns
Answers (1)
New Questions in Mathematics
375,000 in scientific notation
Answers (1)
Choose the correct answers. Bill Campbell gets a student rate for medical insurance of $25.00 a month. There is a $250 deductible. He recently received treatment for a covered condition. The bill was $2,350.
Answers (1)
4x=8-2y, write the equation of the perpendicular line?
Answers (1)
A tree is 6 feet 4 inches tall. How tall is it in inches?
Answers (2)
If four times Catherine's age is subtracted from 5 times joses age, the difference is 32 years. Jose is 16. Find Catherine's age
Answers (1)