If $500 were to compound continuously at a yearly interest rate of 7%, what would the total

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

Question:

If $500 were to compound continuously at a yearly interest rate of 7%, what would the total amount be after 10 years?

Related Book For answer-question

Calculus With Applications

ISBN: 9780135871348

12th Edition

Authors: Margaret L. Lial

See More Books

Posted Date: Apr 03, 2023 06:07 AM

See More Questions

Suppose you invest $2500 in an account that pays simple interest of 4.6% each year. Find the interest earned after three years
Determine which option, if any, should be chosen based on net present worth using a 8% interest rate. Use Repeatability Method. a. The Net Present Worth of Alternative A is = $ Blank 1 b. The Net...
Determine which alternative, if any, should be chosen based on Annual Worth method using 15% MARR. Use Repeatability Method. Note: Show final answer to the nearest WHOLE NUMBER and show complete...
Harpo Marks Corporation produces and sells forklift trucks. Model 17A (the Chico) has a list price of $ 70,000. The production cost for the 20 finished Chicos in inventory at the end of 20X4 was $...
All things considered, do you think people from diverse cultures are more alike or more different? Explain the reasons for your answer?
You swing a weight attached to a string in a vertical circle. At the top of the circle the string just barely goes slack for an instant. At this point the centripetal acceleration of the weight is A....
A particle of pure $\mathrm{NaCl}$ is dissolving in an aqueous liquid solution at $18^{\circ} \mathrm{C}$. The dissolution of the particle is controlled by mass transfer. The system is vigorously...
Construct a systems flowchart based on the narrative and the output from Short Problems 4- 1 through 4- 3. Use Microsoft Visio or other diagram-ing software.
MINICASE Garga Products enjoys a steady demand for stainless steel infiltrators used in a number of chemical processes. Revenues from the infiltrator division are $50 million a year and production...
Perfect Parties, Inc. has several divisions, one of which provides birthday parties at their facility, and has provided the actual and planning budget results for the month of June. The Controller...
Guest Corporation issued 85,000 shares of $0.75 par value common stock. Later that year, Guest purchased 6,000 shares of its own common stock. Two months later, it reissued 1,500 shares. How many...
In the vacuum tube of Figure P34.100, the lower metal plate, the target, is irradiated with $400-\mathrm{nm}$ light of intensity $5.50 \mathrm{~W} / \mathrm{m}^{2}$. The frequency of the light is...
For any simple linear regression model that has an intercept, the sum of the residuals is always zero. a. True b. False
What is the approximate annual value of construction, and how does this compare to the gross domestic product?
What is the main difference between a full-service and a limited-service supplier?
If each construction project is unique, how can it be governed by processes that are consistent from job to job?
Ratio Analysis The following balances were reported in the financial statements for Nafooz Com Current Year Prior Year Net Sales $840,000 $740,000 Net Income 120,000 105,000 Current Assets 240,000...
At the beginning of the year, Lam Ltd. had total assets of $800,000 and total liabilities of $500,000. Use this information to answer each of the following independent questions. (a) If Lam's total...
If b is the y-intercept of the graph of y = (x), what is the y-intercept of the graph of each of the following? (a) y = -(x) (b) y = (-x) (c) y = -(-x)
Use the total differential to approximate each quantity. Then use a calculator to approximate the quantity, and give the absolute value of the difference in the two results to 4 decimal places. 1.03e...
Find the open intervals where the functions graphed as follows are (a) Increasing, or (b) Decreasing. f(x) 2. 2/4 X
Use duality and two-dimensional geometry to solve the following problem without recourse to the simplex algorithm: minimize: y + 3y2 + 4 y3 -3+ y3 13 2 subject to: J1 - J2 -1 1, , 2, 0
We studied duality only in the context of standard maximum and minimum problems. The concept can be extended to arbitrary problems using the following correspondences: Notice that the first four...
Referring to Exercise 14 (a) Write the general form of the dual of the problem: (c) For each of the problems in (a) and (b), show that the dual of the dual problem is the original (i.e., primal)...

If $500 were to compound continuously at a yearly interest rate of 7%, what would the total

Question:

Expert Answer:

The problem mentions that the money is compounded continuously That mean you ... View the full answer

Calculus With Applications

Students also viewed these finance questions