36salehdaoud 36salehdaoud
  • 24-04-2020
  • Mathematics
contestada

You want a savings account to grow to $5000 in 10 years. If interest is 3.5% compounded continuously, how much should you invest?

Respuesta :

amna04352
amna04352 amna04352
  • 24-04-2020

Answer:

$3523.44

Step-by-step explanation:

5000 = X × e^(3.5/100)(10)

X = 5000 ÷ e^0.35

X = 3523.440449

Answer Link

Otras preguntas

how did the spanish get to America
find tan 30 degrees and tan 45 degrees using the 45-45-90 triangle therom and 30-60-90 triangle theorm
Which word in the sentence should be capitalized? our marching band performed at a football game last weekend. A. Marching B. Weekend C. Football D. Our
What was included in a mummy's sarcophagus? Why?
If Kelly gave 1/3 of a pizza to Holly and 1/5 to Diane how much did she have left?
Amusement parks are a great place to see Newton's laws of motion in action. Choose your favorite ride and describe the parts of the ride that illustrate each of
what does a circle graph show that a bar graph does not?
What is the fraction for 2.3125? Improper fraction form
Allison has 5 times as many baseball cards as football cards. In all, she has 120 baseball and football cards. How many baseball cards does Allison have?
Polygons abcd and efgh are similar.explain what this mean?