Mathematics, 15.07.2019 15:00 PuppyLover3479
Find the time required for $5000 to be equal to $14,000 when deposited at 7% compounded monthly
Answers: 2
![\bf \cfrac{14}{5}=\left( 1+\frac{7}{1200} \right)^{12t}\implies \cfrac{14}{5}=\left(\cfrac{1207}{1200} \right)^{12t} \\\\\\ log\left(\frac{14}{5} \right)=log\left[ \left(\frac{1207}{1200} \right)^{12t} \right]\implies log\left(\frac{14}{5} \right)=12t\cdot log\left[ \left(\frac{1207}{1200} \right) \right] \\\\\\ \cfrac{log\left(\frac{14}{5} \right)}{12\cdot log\left[ \left(\frac{1207}{1200} \right) \right]}=t\implies 14.75\approx t](/tpl/images/0092/8595/dc49b.png)
Another question on Mathematics
Mathematics, 21.06.2019 19:00
Witch represents the inverse of the function f(x)=1/4x-12
Answers: 1
Mathematics, 21.06.2019 19:00
What are the solutions of the equation? 6x^2 + 11x + 4 = 0 a. 4/3, 1/2 b. -4/3, -1/2 c. 4/3, -1/2 d. -4/3, 1/2
Answers: 2
Mathematics, 21.06.2019 22:20
Which of the following is missing in the explicit formula for the compound interest geometric sequence below?
Answers: 1
You know the right answer?
Find the time required for $5000 to be equal to $14,000 when deposited at 7% compounded monthly...
Questions
Mathematics, 25.01.2021 22:00
Mathematics, 25.01.2021 22:00
Mathematics, 25.01.2021 22:00
Mathematics, 25.01.2021 22:00
Biology, 25.01.2021 22:00
History, 25.01.2021 22:00
Spanish, 25.01.2021 22:00
Mathematics, 25.01.2021 22:00
English, 25.01.2021 22:00
Mathematics, 25.01.2021 22:00
Physics, 25.01.2021 22:00
