alannaamarriee
16.06.2020 •
Mathematics
Suppose an individual wants to have exactly $400,000 available for her child's education. (a) Find the amount that would have to be invested at 12% compounded continuously, if the number of years until college is 9 years. (Round your answer to the nearest cent.) (b) Find theamount that would have to be invested at 12% compounded continuously, if the number of years until college is 18 years. (Round your answer to the nearest cent.)
Solved
Show answers
More tips
- D Dating, Love, Relationships Is it a Compliment or Flattery: What s the Difference?...
- H Health and Medicine What Are the Best Vitamins? A Scientific View on Vitamin Supplements...
- F Food and Cooking From Latte to Espresso: Which Coffee Drink is the Most Popular on Earth?...
- C Computers and Internet How to Set Up Internet on iPhone? Detailed Guide with Step-by-Step Instructions...
- F Family and Home How to Teach Your Child to Speak: Tips and Recommendations...
- P Philosophy Agnosticism: Opinion or Belief?...
- S Style and Beauty How to choose the best mascara for your eyelashes...
- F Food and Cooking Discover Delicious Recipes You Can Make with Ground Meat...
- C Computers and Internet Google Search Tips and Tricks: Everything You Need to Know...
- S Science and Technology Why is there no gravity on other planets?...
Answers on questions: Mathematics
- M Mathematics The farmer planted an equal number of each type of tree.oak tree trees were one of the 3 type of trees planted .what was the total number of oak trees planted? total trees: 1,056...
- M Mathematics Simplify. if x = 4, evaluate -x a: -8 b: 4 c: 0 d: -4...
- M Mathematics What number is the missing numerator? 16,16,2...
- M Mathematics Billy wanted to write a ratio of the number of apples to the number of peppers in his refrigerator. he wrote 1: 3. did billy write the ratio correctly? explain your answer...
- M Mathematics Sam is 4 years older than eli.the product of their ages is 94.what are two equations that express their age...
- M Mathematics Which decimal represents four hundredths? a.0.4 b. 0.40 c.0.04 d.400.0...
- M Mathematics Simplify. if m = -6, evaluate -ma: 0b: -6c: 6d: 12...
- M Mathematics Nancy billows bought 150 shares of nbc universal stock at $22.885 per share. her broker charged her $22.05 for the brokerage commission. what is the average cost per share (include...
- M Mathematics Which one is least to greatest? explain how you know. ( - = negative) a -1/5, -2/3, 2, 0.4 b 2, -2/3, 0.4, - 1/5 c -2/3,0.4, -1/5, 2 d -2/3, -1/5, 0.4, 2...
- M Mathematics Linear relations are not functions when they appear graphically as: vertical lines linear relations are always functions horizontal lines...
Ответ:
a) $135,838.21 b) $46,130.05
Step-by-step explanation:
A: accrued amount (balance)P: principal (initial amount invested)r: interest rate (in decimal form)t: time(a) Given:
A = 400,000P = unknownr = 12% = 0.12t = 9(b) Given:
A = 400,000P = unknownr = 12% = 0.12t = 18Ответ:
x²
Step-by-step explanation: