Ms. Cubbatz invested a sum of money in a certificate of deposit that earns 8% interest compounded continuously. The formula for calculating interest that is compounded continuously is A = Pe". If Ms. Cubbatz made the investment on January 1, 1995, and the account was worth $12,000 on January 1, 1999, what was the original amount in the account?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Ms. Cubbatz invested a sum of money in a certificate of deposit that earns 8% interest compounded continuously. The formula for calculating ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A rectangle is ... a rhombus. Always Sometimes Never
Answers (1)
Find the 7th term of the geometric sequence 2,6,18
Answers (1)
A painter has a 24-foot ladder that he is using to paint a house. For safety reasons, the ladder must be placed at least 8 feet from the base of the side of the house. To the nearest tenth of a foot, how high can the ladder safely reach?
Answers (1)
The marketing manager for an electronics chain store wants information about the ages of its customers.
Answers (1)
Use three different values of n to demonstrate that 2n+3n is equivalent to 5n
Answers (1)
New Questions in Mathematics
A sand volleyball court has an area of 162 square meters and a perimeter of 54 meters. What are the dimensions of the volleyball court?
Answers (1)
If a number is a multiple of 64, then it is a multiple of 8. If a number is a multiple of 8, then it is a multiple of 2.
Answers (1)
2.38+4.89=3 + _ changing expressions?
Answers (1)
The tax rate is 7.5%. What is the tax on $110? round to the nearest hundreth.
Answers (1)
Find the unit rate of 42 teaspoons for 6 cups
Answers (2)