BoyC125504 BoyC125504

Today at 6:36 AM
Mathematics

Answered

If Danica has $1200 to invest at 8% per year compounded monthly, how long will it be before he has $2400? If the compounding is continuous,how long will it be? (Round your answers to three decimal places.)

Answer :

MeryJ541589 MeryJ541589

Today at 6:41 AM

ANSWER

EXPLANATION

a) To find the time it will take before he has $2400, we have to apply the formula for monthly compounded amount:

[tex]undefined[/tex]

Answer Link

Other Questions

What are some treatment options for anorexia? What do these entail, and what do they alleviate?

It is likely that a patient diagnosed with seasonal affective disorder will begin to experience fewer symptoms in which season? 1) Fall 2) Winter 3) Spring 4) S

lim x→4 ((x + 5)^1/2 − 3)/ x − 4

What procedures should Commanding Officers and Supervisors ensure take place daily?

What procedures should Commanding Officers and Supervisors ensure take place daily?

Oracle Database 21c Fails to Deploy in x86_64 Ubuntu VM (M1

definition of apical Meristem

the dimensions of a hall are 100m×50m×72m.How many students can sit in hall if each student requires 200m2

correct answer??? plz answer asap

How many countries are in the region of Central Asia?A. Thre

Draw cyclopentane. Then list its molecular formula.

Which term is used to describe a community effort to provide security to a group of homes? A. phone tag B. police watch C. group awareness D. neighborhood watch

Consider the following C program: int fun(int n) { int localVar; if (n != 0) return n fun(n-1); else return n; } int main() { int input, output; cout << "Enter

After solving equation for x values gotten are 35.3 and 144.7 write them in terms of pi

Locate the passage in "Given to Rust where the speaker describes having cancer and what the did to her Summarize that passage maintaining the meaning and logica

Which of these is not a requirement to vote in the United States? A a US citizen B a state resident C at least 21 years of age D not in prison for a felony

5 time the quzntity y-2

What is the MAIN lesson, massage that readers can learn from this story?

Which statement correctly describes the nature of a scientific fact

Given m// n, find the value of x and y