suppose you invest 1050 at an annual interest rate of 5.5% compounded continuously. How much will you have in the account after 5 years? round the solution to the nearest dollar. HELP please

Answers

Answer 1

Answer: For an investment with an interest rate compounded continuously, the formula would be

F = Pe^(rn), where r is the annual interest rate and n is the number of years.
F = 1050e^(0.055*5)
F = $1382.36

I hope I was able to answer your question.

Answer 2

Answer:

Answer: $1372

Step-by-step explanation:

The formula to calculate the compound amount is given by :-

$A=P(1+r)^t$ , where P is principal amount, r is rate of interest and t is time.

Given: P = $1050

r=5.5%=0.055

t= 5 years

Now, the compound amount after 5 years will be :_

$A=1050(1+0.055)^5\n\n\Rightarrow\ A=\$1372.30800673\approx\$1372$

You will have $1372 in the account after 5 years.

Related Questions

Mason has to mow 6 lawns today. So far, he has mowed 1 1/2 of them. How many does he have left to do?
In 1975 the price of gasoline per gallon was 52.5 cents. With the 1975 price as the reference value, the gasoline price index for 1998 is 192.4. What was the cost of a gallon of gasoline in 1998?
Is 4,400 is 10 times as much as 440
(will give brainliest)a hiker, whose eye is 1.6 meters above ground, stands 50 meters from the base of connecting her eye and the top of the cliff and a horizontal line is 58°. draw a diagram representing the situation and find the height of the cliff
Which fraction is bigger 5/8, 9/16, 1/2, 15/32

Multiply. Express your answer in standard form. (x² - 2x + 3)(-2x² + 4x – 1)

Answers

The answer to your equation (x² - 2x + 3)(-2x² + 4x – 1) is...
2x^4 + 8x^3 - 15x^2 + 14x - 3

(x² - 2x + 3)(-2x² + 4x – 1) = 2x^4 + 8x^3 - 15x^2 + 14x - 3

For all jobs, the rate will be set by a minimum specified in Fair Labor standards act. True or false

Answers

Fair Labor standards act was an act passed in 1938 that was in favor of the employees, creating a minimum wage right for them. Mostly all the companies work on this pattern and no one can be denied the standard minimum wage. This act also includes the overtime pay, which pays more money to employees working more than 40 hours a week.

Hence, For all jobs, the rate will be set by a minimum specified in Fair Labor standards act is true.

Definitely true. You can look it up on wikipedia if you need.

A store buys soda bottles of coca cola for $1.80 per bottle and marks up the price by 35%. Forwhat price does the store sell each bottle?!

Answers

Answer:

$2.43 each bottle

Step-by-step explanation:

Start with:

$1.80+35$ %

We can rewrite 35% as a decimal:

$1.80+.35$

Add a $1$ in front of the $.35$

Multiply.

$1.80$ × $1.35=2.43$

You've decided you want a plant for your room. At the gardening store, there are 4 different kinds of plants (tulip, fern, cactus, and ficus) and 4 different kinds of pots to hold the plants (clay pot, plastic pot, metal pot, and wood pot). If you randomly pick the plant and the pot, what is the probability that you won't get a clay pot or a cactus?

Answers

There are 4×4 = 16 different combinations of plant and pot. Of those, 7 are either clay pot or cactus. Thus the probability you won't get a clay pot or a cactuis is 9/16.

Answer:

9/16

Step-by-step explanation:

Use the formula P = 2L + 2W to find the width of of a rectangle when the length is 34 ft and the perimeter is 112 ft.

Answers

Using the formula P = 2L + 2W, we were able to solve for the width of a rectangle with a length of 34 ft and a perimeter of 112 ft. The width of the rectangle is 22 ft.

To find the width of the rectangle, we need to rearrange the formula P = 2L + 2W to solve for W.
Starting with P = 2L + 2W, we can isolate W by subtracting 2L from both sides:
P - 2L = 2W

Now we divide both sides by 2 to isolate W:
W = (P - 2L) / 2

Substituting the given values, we get:
W = (112 - 2(34)) / 2
W = (112 - 68) / 2
W = 44 / 2
W = 22

Therefore, the width of the rectangle is 22 ft.

In summary, using the formula P = 2L + 2W, we were able to solve for the width of a rectangle with a length of 34 ft and a perimeter of 112 ft. The width of the rectangle is 22 ft.

Know more about rectangle here:

brainly.com/question/25292087

#SPJ11

Solve the following system of equations for all three variables.5x−2y+z = 8
−9x+2y+2z = 5
−9x−2y−5z = 4

Answers

  5x - 2y + 1z = 8 ⇒   5x - 2y + 1z = 8
-9x + 2y + 2z = 5 ⇒ -9x + 2y + 2z = 5
-9x - 2y - 5z = 4 -4x + 3z = 13

5x - 2y + 1z = 8
-9x + 2y + 2z = 5 ⇒ -9x + 2y + 2z = 5
-9z - 2y - 5z = 4 ⇒ -9x - 2y - 5z = 4
-18x - 3z = 9

-4x + 3z = 13
  -18x - 3z =   9
-22x = 22
  -22 -22
  x = -1
  -18x - 3z = 9
-18(-1) - 3z = 9
18 - 3z = 9
- 18 - 18
-3z = -9
-3 -3
z = 3

5x - 2y + z = 8
5(-1) - 2y + 3 = 8
-5 - 2y + 3 = 8
-2y - 5 + 3 = 8
-2y - 2 = 8
  + 2 + 2
  -2y = 10
-2   -2
y = -5
  (x, y, z) = (-1, -5, 3)

Other Questions

In any triangle, there can be at most 1 obtuse angle. At most, how many obtuse angles can there be in an equilateral triangle?

Find the LCM of the set of polynomials.4m^3p, 9mp^4, 18m^4p^2

A square has an area that is less than 100m^2. What is a reasonable range for the graph of the square side?A. 0< y < 100B. 0< y < 50C. 0 < y < 25D. 0 < y< 10

| 3x | = 9 | -3r | = 9 b/5 = 1