Question: I need help with this 26. Find the time required for an initial investment of $2000 to reach $3500 if the interest is compounded continuously

I need help with this 26. Find the time required for

I need help with this

26. Find the time required for an initial investment of $2000 to reach $3500 if the interest is compounded continuously at a 4.5% annual interest rate. Use the appropriate formula from the following list to solve. y = Cax A = P(1+r)t A = P(1+-)nt n A = Pert Equation: Solution

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock 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 Mathematics Questions!

Firefox aboutzblank 24. A reworks shell is launched into the air. The shell's height (in feet) after t seconds is modeled by the function h(t) = 16t2 + 80t. a. How long will it take the shell to hit...

please show all work! (6 points) Find the time required for an initial investment of $2000 to reach $3500 if the interest is compounded continuously at a 4.5% annual interest rate. Use the...

30. Find Ihg time required for an initial Investment of 52000 to reach 53500 if the interest is compounded angingggusly at a 4.55:: annual interest rate. Use the appropriate formula from the...

hi if i could get some help answering all these questions, thank you 5 Consider an initial investment of $2000 by investor A, and $1000 by investor B. 5.1 Simple Interest 1. Write an equation...

can you help me? a. ()Topic: Week 8 Discussion Forum x (Topic: Week 8 Discussion - Patte X (Section 4.5: Graphs of Logarithm X *Homework Help - Q&A from Onlir x + C...

answer all the questions i will put in another page pls go there go to the next quedtion i posted a new one it has less questions Task Analyzing different representations of the same type of function...

Firefox File Edit View History Bookmarks Tools Window Help P 10% Tue 9:11 AM Q DE . . . "A Homework 3 - MAT 135, section X + C O &...

textbroker.com X Final Exam X X Canvas LMS X MATH140-12141 (ONL) X BusCalc.pdf X *Dashboard X -> C A Not Secure | opentextbookstore.com/buscalc/BusCalc.pdf Update : Suggested Sites M Gmail YouTube...

(Questions from Lecture and Article) - Discussion Board Activity I need to read the following Lecture Note and the ?Wall Street Journal? articles that I uploaded, and writeanswers for theDiscussion...

Preliminary Concepts Suppose an account is aceruing interest, compounded continuously. Then the rate of change of the account is proportional to the balance in the account. When we say two quantities...

Ratio estimation and difference estimation are two widely used variables sampling plans. a. Under what conditions are ratio estimation or difference estimation appropriate sampling plans for...

Should ICANNs actions be viewed as a horizontal or a vertical restraint of trade? The Internet Corporation for Assigned Names and Numbers (ICANN) is a nonprofit entity organizing Internet domain...

If we acquire inventory but do not pay for it until 6 0 days later, the accounts payable period is days. 3 0 9 0 6 0 1 2 0

The force constant of a massless spring is 2 5 . 0 N / m . A mass of 0 . 4 5 kg is oscillating in simple harmonic motion at the end of the spring

What are some of the factors that make up a community's economic profile? How do these factors influence that community's disaster risk?

List and describe four categories of weapons of mass destruction.

What is the most effective as well as the most expensive land-use planning tool? Why is it so effective?