Question: In Problems 19-24, find the future value, using the future value formula and a calculator. ($ 119,400) at (7.5 %) compounded continuously for 30 years

In Problems 19-24, find the future value, using the future value formula and a calculator.

\(\$ 119,400\) at \(7.5 \%\) compounded continuously for 30 years

Step by Step Solution

★★★★★

3.54 Rating (154 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To find the future value of an investment compounded continuously we use the formula FV P ert whe... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Nature Of Mathematics Questions!

Q:

Refer to Question 8-4 for background on the company. Below is an excerpt of the preliminary financial statements and some excerpts from the audit working papers prepared by Shelly, the audit senior....

Q:

On October 31, 2015, Pete's Print Shop purchased a copy machine for $27,600. Pete's Print Shop expects the machine to last for three years and to have a residual value of $1,500. Compute depreciation...

Q:

Consider Kodak's core competency before Fisher's arrival. As the market shifted from film to digital, did the company's historical core competency still qualify as a core competency? Did it pass the...

Q:

What are the function of the pancreas in the digestive system? (A) To secrete digestive enzymes (B) To regulate blood sugar levels (C) To absorb nutrients from the small intestine (D) To store bile

Q:

In Problems 19-24, find the future value, using the future value formula and a calculator. \(\$ 9,730.50\) at \(7.6 \%\) compounded monthly for 7 years

Q:

In Problems 19-24, find the future value, using the future value formula and a calculator. \(\$ 835\) at \(3.5 \%\) compounded semiannually for 6 years

Q:

In Problems 19-24, find the future value, using the future value formula and a calculator. \(\$ 575\) at \(5.5 \%\) compounded quarterly for 5 years

Q:

In Problems 19-24, find the future value, using the future value formula and a calculator. \(\$ 350\) at \(4 \frac{3}{4} \%\) simple interest for 2 years

Q:

Find the future value, using the future value formula and a calculator. $847 at 5.5% compounded quarterly for 6 years (Round your answer to the nearest cent.) Find the future value, using the future...

Q:

I am very stuck on these questions any help would be so helpful! '_ [010.76 Points] PREVIOUS ANSWERS SMITHNM1311.6.033. Find the monthly payment for the loan. (Round your answer to the nearest cent.)...

Q:

I keep getting these wrong and need help! Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.) $119,700 at 7.5% compounded continuously for...

Q:

The following selected transactions relate to Chicago Glass Corporation's liabilities for 2016. Chicago's fiscal year ends December 31. 1. On January 15, Chicago received $7,600 from Henry...

Q:

Quigley Corporations trial balance at December 31, 2014, is presented below. All 2014 transactions have been recorded except for the items described below. Unrecorded transactions 1. On January 1,...

Q:

The costs that ( a ) are associsted directly with consummating a lease, ( b ) are essertial to acouine the lease and ( c ) would not have been incumed had the lease inc: Multiple Choice A soles -...

Q:

1 Dunkin' Donuts wants to get a better market position in Europe, and set up a meeting in London with potential franchisees from different European countries in order to negotiate franchising deals...

Q:

Suppose 5000 J of heat flow from a reservoir at 400 K to a colder reservoir. If the total entropy change of the universe is 200 J/K, what is the temperature of the cold reservoir? Because the...

Q:

A large piece of steel (initial temperature 400 K) is placed into a large bucket of ice water. If 4.0 J of heat flow from the steel into the ice water, what are the entropy changes of the steel, the...

Q:

A pot contains 250 g of water at 100C. If this water is heated and all evaporates to form steam at 100C, what is the change in the entropy of the H 2 O?

Q:

7.(Solving for n) How many years will it take for $520 to grow to $1001.88 if it's invested at percent compounded annually? (Round to one decimal place.)

Q:

3.58 points 8 01:29:37 F References Which of the following is a nonrecurring them on the income statement? Multiple Choice C Unusual charge related to a natural disaster Cost of goods sold...

Q:

Using the K-Map, simplify the following expression AB+AC+ B'C+A'BC. Note that you need to provide the KMap and draw the cirit