What is the value of a $5000 i n v e s t m e n t a f t e r 18 y e a r s, i f i t w a s i n v e s t e d a t 4$ 9,367.30<

Question

What is the value of a $5000 i n v e s t m e n t a f t e r 18 y e a r s, i f i t w a s i n v e s t e d a t 4$ 9,367.30<

Question

What is the value of a $5000 i n v e s t m e n t a f t e r 18 y e a r s, i f i t w a s i n v e s t e d a t 4 c o m p o u n d e d c o n t i n u o u s l y ? 1)$ 9,367.30
2) $9, 869.39 3)$ 10,129.08
4) $10,272.17

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Mathematics RuslanHeatt 4 years 2021-08-05T18:06:59+00:00 2021-08-05T18:06:59+00:00 2 Answers 19 views 0

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Captcha* Giải phương trình 1 ẩn: x + 2 - 2(x + 1) = -x . Hỏi x = ? ( )

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minhkhoi · Answer 1 · 2021-08-05T18:08:14+00:00

minhkhoi

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2021-08-05T18:08:14+00:00 August 5, 2021 at 6:08 pm

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Step-by-step explanation:

P(t) = P0 * e^rt

=> P(18) = $5000 * e^{(} 0.04 * 18) =$ 10,272.17. (4)

niczorrrr · Answer 2 · 2021-08-05T18:08:15+00:00

niczorrrr

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2021-08-05T18:08:15+00:00 August 5, 2021 at 6:08 pm

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Answer:

D

Step-by-step explanation:

Continuous compound is given by the following formula:

$A=Pe^{rt}$

Where A is the ending amount, P is the initial amount, e is Euler’s number, r is the rate, and t is the time in years.

We have a $5000 investment at 4% or 0.04 for 18 years. Therefore:

$A=5000e^{(0.04)(18)}$

Use a calculator:

$A\approx\$ 10272.17$

Hence, our answer is D.

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