You invest $125,000 in an account that earns 4.75% annual
interest, compounded continuously.
a. What is the value of the account after 15 years?

Answers

Answer 1

Step-by-step explanation:

step 1. let's call the amount of money A, the initial amount A¡, the rate r, and the time t.

step 2. A = A¡e^(rt) (continuously compounding equation)

step 3. A = 125000e^((.0475)(15))

step 4. A = $254,885.32

Answer 2

The value of the account after 15 years will be $254885.


What is compound interest?

In theory, continuously compounded interest means that an account balance is constantly earning interest and reinvesting that interest so that it, too, earns interest.p explanation.

In finance and economics, interest is the payment of an amount above the repayment of the principal sum by a borrower or deposit-taking financial institution to a lender or depositor at a specific rate by a borrower or depositor.

Given that you invest $125,000 in an account that earns 4.75% annually for 15 years of the time.

The compound interest will be calculated as:-

[tex]P(t) = P_o\times e^{rt}\\P(t) = 1250000\times e^{0.0475\times 15}[/tex]

P(t) = $254885

Hence, the value of the account after 15 years will be $254885.

To know more about compound interest follow

https://brainly.com/question/28020457

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Answers

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Answer:

z = 12

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Hope that helps!

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Answers

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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Please mark me brainliest, and I really hope you have a great day!

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y=-4
a) Work out the value of V
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Answers

Answer:

a.7

b.

[tex]3 {p }^{2} + 15p[/tex]

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Step-by-step explanation:

a.V=5x + 2y ,x=3,y= -4

V=5(3)+2(-4)

=15+(-8)

=15-8

=7

b.3p(p + 5)

=

[tex]3 {p}^{2} + 15p [/tex]

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hope it's helpful ❤❤❤❤

THANK YOU.

#

Can you help me with these two thank you

Answers

Answer:

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Dang he beat me to it hope I pass tho

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Answers

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Answers

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:) have a great day!!

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Answers

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Answers

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Answers

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Answers

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