19. Daenerys wants to deposit $25,000 into an account that compounds interest continuously. She hopes to
have $30,000 in 7 years for a down payment on a house. What interest rate that compounds continuously
must she find in order to accomplish her goal? Round your answer to the nearest hundredth of a percent.
a. 1.48%
b. 4.57%
c. 5.29%
d. 6.72%
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “19. Daenerys wants to deposit $25,000 into an account that compounds interest continuously. She hopes to have $30,000 in 7 years for a down ...” 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
Parallel lines are cut by a transversal such that the alternate interior angles have measures of 3x + 17 and x + 53 degrees. The value of x is: A. 9 B. 18 C. 35 D. 71
Answers (1)
Solve the following problem: 28 - 18 - 10. A. 10 B. 8 C. O D. 18
Answers (2)
7. What is the next value? 1 I 2 L 3 F 4 a. G b. E c. S d. T
Answers (1)
An employee's annual salary was increased from $22,464.00 to$24,710.40 last year. If it is increased by the same percent this year, what will the employee's salary?
Answers (2)
Which expression could be used to determine the cost of a $50 video game after a 20 percent discount?
Answers (1)
New Questions in Mathematics
What is the length of the side opposite angle B? 3 units 4 units 5 units 6 units
Answers (2)
Choose all of the equations that are equivalent to 8k = 20. A. 8k - 4 = 20 + 4 B. 8k : 4 = 20 : 4 C. 8k * 3 = 20 * 3 D. 8k + 10 = 20 + 10 E. 8k * 5 = 20 : 5
Answers (1)
If inflation is 4.44% per year and a car costs $32,600 what would have it been 2 years ago?
Answers (1)
Which number can be removed from the following list of data so that the median will remain the same? 80, 32, 55, 50, 46, 71, 60 A. 32 B. 55 C. 60 D. 80
Answers (2)
Historically, the percentage of US residents who support stricter gun control laws has been 52%. A recent Gallup Poll of 1011 people showed 495 in favor of stricter gun control laws. Assume the poll was given to a random sample of people.
Answers (1)