subject
Mathematics, 04.02.2021 08:00 jjcooper05

A person places $4080 in an investment account earning an annual rate of 5.7%, compounded continuously. Using the formula V = Pe^{rt}V=Pe rt
, where V is the value of the account in t years, P is the principal initially invested, e is the base of a natural logarithm, and r is the rate of interest, determine the amount of money, to the nearest cent, in the account after 4 years.

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 18:00
Aplane is taking off from bangladesh headed to new york city. at the same time, a plane from new york city is headed to bangladesh is also taking off. the plane bound to new york city is traveling at 600 mph, while the plane traveling to bangladesh is traveling at 400 mph. how far from new york city will the two planes meet if the distance between new york city and bangladesh is 8,000 miles?
Answers: 3
question
Mathematics, 21.06.2019 18:50
The random variable x represents the number of phone calls an author receives in a day, and it has a poisson distribution with a mean of 8.7 calls. what are the possible values of x
Answers: 1
question
Mathematics, 21.06.2019 20:00
Which of the following is the inverse of y = 3∧x y = 1/3∧x y = ㏒3x y = (1/3) ∧x y = ㏒ 1/3∧x
Answers: 1
question
Mathematics, 21.06.2019 20:30
Precalculus question, image attached.
Answers: 1
You know the right answer?
A person places $4080 in an investment account earning an annual rate of 5.7%, compounded continuous...
Questions
Questions on the website: 13722361