Find the accumulated amount after8years if$3000is invested at3%/year compounded continuously.

Fantastic news! We've Found the answer you've been seeking!

Question:

Related Book For answer-question

Calculus With Applications

ISBN: 9780135871348

12th Edition

Authors: Margaret L. Lial

See More Books

Posted Date: May 13, 2024 08:29 AM

See More Questions

ABC Insurance Company has issued a commercial package policy to the Henderson Company. ABC recently discovered that company executives misrepresented important information about the business to...
Barfield Corporation prepares business plans and marketing analyses for startup companies in the Cleveland area. Barfield has been very successful in recent years in providing effective service to a...
The production records of Prince Company for the month of June shows the following: Total Manufacturing Cost Variance P 3,840 U Rate Variance 8,710 F Total material cost variance 2,975 U Total Labor...
After completing secondary research (an annotated bibliography) and primary research (an interview) on your topic, you should prepare an argument. Discuss your problem/issue and then attempt to...
A seller wants $120,000 for his home and still owes $20,000 of his original loan at 7%. The current interest rate is 12%. A buyer can pay $60,000 down and wants to carry a mortgage that includes the...
Audiophile Records purchases CDs at a cost of $ 1 2 each. Operating expenses of the business are 2 5 % of the cost and the international owner requires a profit of 1 5 % of cost . How much is the...
Alpha obtained a 3%, $40,000, 2-year loan from Western Bank. The loan was received and recorded on September 1. The interest will be paid when the loan is repaid. What adjusting journal entry should...
The high-tech home of today features computer apps that control air conditioning, heating, and large and small appliances from your smartphone or tablet. For a typical 2,000-square-foot home, the...
Trend and Seasonality Question (A) Given the actual demand for years 2003/4, calculate the forecast for year 2005 for each quarter and for the total year. For your calculations use the principles of...

Find the accumulated amount after8years if$3000is invested at3%/year compounded continuously.

Question:

Expert Answer:

Okay here are the steps 1 Given Initial investment 3000 ... View the full answer

Calculus With Applications

Students also viewed these finance questions