twistedgamerhd12 twistedgamerhd12

21-10-2018
Mathematics

contestada

Sally needs $20,000 in 4 years. She has $10,000 to invest. If interest is compounded continuously, what rate is required for Sally to meet her goal?

Respuesta :

zackmcnelly659 zackmcnelly659

13-03-2021

Answer: rate = natural log (Total / Principal) / Years

rate = natural log (2) / 4

rate = 0.69314718056 / 4

rate = 0.1732867951 So the required rate is

17.32867951 %

Answer Link

Otras preguntas

You have two perfectly insulated cups. One contains water and the other contains an equal volume of another liquid that has half the density of water and twice

Understand the "disaster risk equation", especially the social causes of vulnerability, and the social factors that affect the capacity to cope. Look back at th

In evaluating the precedence rules used by Python, what statement is accurate? a. Addition and subtraction are evaluated after assignment. b. Exponentiation and

Alex, an American, was invited to a formal dinner by his French manager. He was not sure about the correct flatware to be used for each course. He took his cues

High income countries are classified as having a gdp per capita that is greater than ________

_ What do bacterial cells contain? (A) a nucleus (B) mitochondria (C) four chromosomes (D) DNA

Marginal cost a. is the increase in total cost resulting from production of one additional unit of output. b. is the cost of the marginal unit of output. c. A

An example of internalization of behaviors as a result of stress is A. lack of interest in friends or activities, B. irritability. C. aggression D. vandalism.

19. Required and excess reserves Suppose that Second Republic Bank currently has $200,000 in demand deposits and $130,000 in outstanding loans. The Federal Rese

"One side of a triangle is 4 cm shorter than a second side. The ray bisecting the angle formed by these sides divides the opposite side into 4-cm and 6-cm segme