amberheyward13 amberheyward13
  • 03-07-2020
  • Mathematics
contestada

Jamie is investing $47,000 in an account paying 9.26% interest compounded continuously. What will Jamie's account balance be in 17 years?

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 02-04-2021

9514 1404 393

Answer:

  $226,863.29

Step-by-step explanation:

The amount is given by ...

  A = Pe^(rt)

where principal P is invested at annual rate r for t years.

  A = $47,000×e^(0.0926×17) ≈ $226,863.29

Answer Link
elephantlover1288
elephantlover1288 elephantlover1288
  • 05-04-2021

Answer:

the answer is $226,863.29

Answer Link

Otras preguntas

Why Did the flying saucer have ufo printed on it
Directions: Write <> or = between each pair of rational numbers -2 5/12____-2 3/4 -92____-15/16
Learning to be safe in chemistry laboratories is best accomplished by Select one: Performing experiments to see what’s safe and what isn’t Memorizing safety rul
1.23 grams to pounds
What is the percentage of the shaded area
A sample of an unknown liquid has a volume of 24.0ml and a mass of 6g. What is it’s density? Show your work.
Following is a simple income statement. Match each term with its definition from the drop-down list of choices. Income Statement (thousands of dollars) Year 1 A
can someone help please
How is the appearance of the gecko a benefit in terms of survival?
solve it (b--)+3 if b=6​