Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 24, 2024

If $3000 is invested at 8% compounded continuously, what is the amount after 4 years? The amount after 4 years will be $ (Round to

image text in transcribed

If $3000 is invested at 8% compounded continuously, what is the amount after 4 years? The amount after 4 years will be $ (Round to the nearest cent.)

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

Technical Analysis Of The Financial Markets

Authors: John J. Murphy

1st Edition

0735200661, 978-0735200661

More Books

Students also viewed these Finance questions

Question

★★★★★

A newspaper publisher uses roughly 800 metres of baling wire each day to secure bundles of newspapers while they are being distributed to carriers. The paper is published Monday through Saturday....

Answered: 1 week ago

Question

★★★★★

Some accountants draw an analogy between developing financial statements and cartography (map making). They maintain that just as maps reflect the geographical reality of the area under study, so...

Answered: 1 week ago

Question

★★★★★

1. What factors lead to criminal behaviour?

Answered: 1 week ago

Question

★★★★★

Roberta Santos, age 41, is single and lives at 120 San-borne Avenue, Springfield, IL 60781. Her Social Security number is 123-45-6789. Roberta has been divorced from her former husband, Wayne, for...

Answered: 1 week ago

Question

★★★★★

The Cutting Department of Vaughn Company has the following production and cost data for July Production Costs 1. Beginning work in process $0 2. Materials 66,880 Transferred out 13,500 units. Started...

Answered: 1 week ago

Question

★★★★★

What is most likely the best explanation for what happened to potential real GDP after 2000? (A) Nothing. Potential real GDP was about the same after 2000 as before (B) The U.S. government...

Answered: 1 week ago

Question

★★★★★

Your firm-has A/P with credit terms of 1/15, net 30. What is the annualized cost of skipping the discount on day 15 and paying the full invoice amount on day 30? 24.6% 37.2% 18.6% 8.1%

Answered: 1 week ago

Question

★★★★★

total monthly production costs are 10,000 on a lot of 250 units. you sell each unit for $150. If all 250 units sell each month, how would you calculate your annual profit

Answered: 1 week ago

Question

★★★★★

One way to determine the trend of a data set is to find ______________________. Question 36 options: a) percentage of non-overlapping data b) the split middle line of progress c) percentage of...

Answered: 1 week ago

Question

★★★★★

The annual salaries for 5 randomly selected people: Diana: $154,500 Clark: $76,000 Lois: $119,350 Bruce: $2,350,000,000 Barry: $68,000 Which would be the best measure of central tendency for this...

Answered: 1 week ago

Question

★★★★★

Your clients expect a 10% return on investment for podcast and a 15% ROI for TV ads. How would you calculate the expected profit for a client who invests $5500 on a podcast ad and $10,000 for a TV ad

Answered: 1 week ago

Question

★★★★★

Design a cross-cultural preparation program. page 313

Answered: 1 week ago

Question

★★★★★

Discuss the strengths and weaknesses of presentation, hands-on, and group training methods. page 295

Answered: 1 week ago

Question

★★★★★

Evaluate employees readiness for training. page 289

Answered: 1 week ago

Previous Question Next Question