Suppose that on january 1, 2018, you buy a bond for $2,000 that will pay interest of 3.6% per year compounded continuously for 20 years. you never withdraw any of the interest earned on the bond. (a) what will the bond be worth on january 1, 2038?

$4108.87

Step-by-step explanation:

Given : Present value :

The number of time period :

The rate of interest :

Let P be the present value of bond .

The formula to calculate the future value is given by :-

Hence, the future value of the bond on January 1, 2038 would be $4108.87 .

a4 - 3a2 - 1

step-by-step explanation:

step   1   :

equation at the end of step   1   :

  ((a4) -   3a2) -   1

step   2   :

trying to factor by splitting the middle term

2.1     factoring   a4-3a2-1  

the first term is,   a4   its coefficient is   1 .

the middle term is,   -3a2   its coefficient is   -3 .

the last term, "the constant", is   -1