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Author Question: Suppose you invest $P on a CD paying 4% interest compounded continuously for a term of 2.5 years. At ... (Read 83 times)

JMatthes

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on: May 5, 2020

Question 1

Suppose you invest $P on a CD paying 3.5% interest compounded continuously for a term of three years. At the end of the term you get $4998.20 from the bank. Find the value of the original principal P. Round your answer to the nearest dollar.
◦ $4525
◦ $4500
◦ $4450
◦ $4555
◦ $4495

Question 2

Suppose you invest $P on a CD paying 4% interest compounded continuously for a term of 2.5 years. At the end of the term you get $8288.78 from the bank. Find the value of the original principal P. Round your answer to the nearest dollar.
◦ $7750
◦ $7500
◦ $7525
◦ $7475
◦ $7495
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
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Marked as best answer by JMatthes on May 5, 2020

underwood14

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Reply #1 on: May 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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JMatthes

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Reply 2 on: May 5, 2020
Great answer, keep it coming :)

kswal303

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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