This topic contains a solution. Click here to go to the answer

Author Question: Suppose that P0is invested in a savings account in which interest is compounded continuously at 5.9% ... (Read 94 times)

captainjonesify

  • Hero Member
  • *****
  • Posts: 543

Question 1

In 1990, a company's profit was 44.6 million dollars. In 2000, the company's profit was 121.2 million dollars. Assume that the growth of the company's profit follows the exponential model and use 1990 as the base  Estimate what the company's profit will be in 2010.
◦ $247.2 million
◦ $593.2 million
◦ $659.1 million
◦ $329.6 million

Question 2

Suppose that P0 is invested in a savings account in which interest is compounded continuously at 5.9% per year. That is, the balance P grows at the rate given by  Suppose that $8000 is invested. What is the balance after 3 years?
◦ $9549.05
◦ $7161.79
◦ $4774.52
◦ $2387.26


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by captainjonesify on Jun 16, 2021

cdmart10

  • Sr. Member
  • ****
  • Posts: 332
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.
Answer Preview
Only 50% of students answer this correctly




captainjonesify

  • Member
  • Posts: 543
Reply 2 on: Jun 16, 2021
Wow, this really help


tandmlomax84

  • Member
  • Posts: 323
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

For a complete list of videos, visit our video library