Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 07, 2024

How many years will it take $ 9 , 0 0 0 to grow to $ 1 5 , 1 0 0 if it is

How many years will it take $

9, 000

to grow to $

15, 100

if it is invested at

3.25 %

compounded continuously?

16

years

(

Round to two decimal places.

)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essential Calculus Early Transcendental Functions

Authors: Ron Larson, Robert P. Hostetler, Bruce H. Edwards

1st Edition

618879188, 618879182, 978-0618879182

More Books

Students also viewed these Mathematics questions

Question

★★★★★

What are the tools that a country can use to restrict international trade?

Answered: 1 week ago

Question

★★★★★

4 What is your standpoint regarding personal epistemologies and coach training programs? Should a coach training program aim at developing participants personal epistemologies?

Answered: 1 week ago

Question

★★★★★

=+If he gets sick and loses his flight medical certificate, he loses his job and has only $10,000 income. His probability of staying healthy is 0.6, and his probability of getting sick is 0.4.

Answered: 1 week ago

Question

★★★★★

This problem continues the Draper Consulting, Inc., situation from Problem 9-40 of Chapter 9. Refer to Problem 2-62 of Chapter 2. Draper Consulting, Inc., believes the company will need to borrow...

Answered: 1 week ago

Question

★★★★★

How many years will it take $ 9 , 0 0 0 to grow to $ 1 5 , 1 0 0 if it is invested at 3 . 2 5 % compounded continuously? 1 6 years ( Round to two decimal places. )

Answered: 1 week ago

Question

★★★★★

During a briefing you are asked how the intelligence cycle flows. You realize staff members did not take accurate notes so you re-explain. Processing, an action in the Intelligence Cycle follows...

Answered: 1 week ago

Question

★★★★★

A retrospective associational study examined the medical utilization of homeless veterans receiving treatment in a Veterans Affairs health care system (LePage, Bradshaw, Cipher, & Hooshyar, 2014). A...

Answered: 1 week ago

Question

★★★★★

Which one of the following technologies is not directly related to Big Data? Group of answer choices Spark Hadoop MapReduce OLAP

Answered: 1 week ago

Question

★★★★★

Mr. Brown just won the lottery. The lottery will pay Mr. Brown 6 annual payments, with the first payment occurring today (Year 0) and the last payment occurring 5 years from today (Year 5). Todays...

Answered: 1 week ago

Question

★★★★★

A golf ball is struck across a flat fairway at an angle of 60 with an initial speed of 135ft/s. a.). Write a set of parametric equations for the motion of the golf ball. b.). Determine how long the...

Answered: 1 week ago

Question

★★★★★

At December 31, 2023, Halifax Servicing's balance sheet showed capital asset information as detailed in the schedule below. Halifax calculates depreciation to the nearest whole month. 1 There have...

Answered: 1 week ago

Previous Question Next Question