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?
Find 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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Is 100 inches greater than 3yd 1 ft?
Answers (2)
Find the quotient 27 divided by 623.
Answers (1)
The width and height of a cereal box have been doubled. If the volume of the original box is 48 cubic inches, what is the volume of the new box? 96 cubic inches 192 cubic inches 288 cubic inches 384 cubic inches
Answers (1)
The lifespans of lions in a particular zoo are normally distributed the average lion lives 10 years the standard deviation is 1.4 years
Answers (1)
Scientific notation for 6174798604
Answers (2)
New Questions in Mathematics
What is the solution to the system of equations 8x-10y=-23 and 9x+10y=-16
Answers (1)
Mr. Hann is trying to decide how many new copies of a book to order for his students. Each book weighs 6 ounces Which ordered pair is a viable solution if x represents the number of books he orders and y represents the total weight of the books, in
Answers (1)
What is a quotient in math
Answers (2)
4. What is the unit price if 5 pounds of fruit cost $8.40?
Answers (1)
Type the correct answer in the box. Use numerals instead of words. If necessary, use / for the fraction bar. Alex bought six books priced at $8 each. He got a discount of 20% off the total cost.
Answers (1)