Question
Gloria invested her savings in a financial product that earns an annual rate of 4 percent compounded continuously. The value of the investment after t
Gloria invested her savings in a financial product that earns an annual rate of 4 percent compounded continuously. The value of the investment aftertyears is given by the equation:
Q(t)= 10,000e.04t
What amount did Gloria initially invest into the financial product?
a.$10,000.00
b.$10,480.11
c.$10,832.87
d.$11,051.71
e.$11,274.97
Gloria invested her savings in a financial product that earns an annual rate of 4 percent compounded continuously. The value of the investment aftertyears is given by the equation:
Q(t)= 10,000e.04t
What amount will Gloria have in her investment account after 6 years?
a.$7,866.28
b.$10,000.00
c.$10,024.03
d.$10,242.90
e.$12,712.49
(5y)3=
a.125y3
b.15y3
c.5y3
d.125y
e.15y
a..25
b.1
c.4
d.8
e.16
5254=
a.15,625
b.10,000
c.7,776
d.3,125
e.1,296
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