Mathematics

29 April, 19:55

How much would $500 invested at 6% interest compounded continuously be worth after 5 years? Answer: A (4) = 500 (1+0.06/12) ^12 (4)

=500 (1.005) ^48

=635.24458054. = 635.24

+2

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “How much would $500 invested at 6% interest compounded continuously be worth after 5 years? Answer: A (4) = 500 (1+0.06/12) ^12 (4) =500 ...” 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

3 friends is going to use a 17 foot ladder to hang up dance decorations. If they put the ladder 8 feet away from the wall, how high up will they be able to reach.

What are the transformations of f (x) = -7 (x-9) ^2+3

How to round 42429 to the nearest hundred thousand

State a true Conclusion 1) If people live in Zook, then they live in Zee. 2) Zela lives in Zook. Conclusion:

Find the mean, variance, and standard deviation for the data set 8 14 14 16 13

New Questions in Mathematics

What Exponential form is 1 / 10 x 10 x 10 x 10? :

Is 6 (x+0.4) equivalent to 3 (2x+0.8) ? YES or NO? Show your work! 6 (x+0.4) 3 (2x+0.8)

When is a rhombus a square? A. When its angles are convex angles B. When its angles are right angles C. When its sides are parallel D. When its sides are congruent

Do the ratios 3/4 and 4/8 from a proportion

Find the product. (y-3) (y-4) =