Question: Use the continuous compound interest formula to find the indicated value. A = $79,000; P = $54,025; r = 9.5%; t = ? t= years

Use the continuous compound interest formula to find the indicated value. A = $79,000; P = $54,025; r = 9.5%; t = ? t= years (Do not round until the final answer. Then round to two decimal places as needed.)

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 Finance Questions!

Use the continuous compound interest formula to find the indicated value. Pequals$3 comma 000; requals6.56%; tequals7 years; Aequals? Question content area bottom Part 1 Aequals$ enter your response...

Safari File Edit View History Bookmarks Window Help O US Q 8 Tue Nov 7 3:29 PM mylab.pearson.com C 88 G Welcome, Donia -.. P Assignments P Do Homework - H... C What is the annual... Dashboard 2L Quiz...

Use the continuous compound interest formula to find the indicated value. A = $6,800; r = 8.71%; t = 10 years, P = ? P=$ (Round to two decimal places as needed.) Use the continuous compound interest...

Use the continuous compound interest formula to find the indicated value. P =$7,000; r = 6.89%; t = 2 years; A = ? A=$(Round to two decimal places as needed.) Use the compound interest formula to...

Use the formula for the amount, A=P(1+rt), to find the indicated quantity. A=$841;P=$580;r=15%;t=? t= year(s) (Type an integer or a decimal.) Use the continuous compound interest formula to find the...

Use the continuous compound interest formula to find the indicated value. A = $5,300; r = 8.11%; t = 9 years; P = ? P = $ (Round to two decimal places as needed.) Given the annual interest rate and...

can you give me an explanation? Use the continuous compound interest formula to find the indicated value. A = $5,600; r =7.65%; t = 12 years; P = ? . . . . . P =$ (Round to two decimal places as...

Use the continuous compound interest formula to find the indicated value. A = $6,900; r = 9.86%; t= 11 years; P=? P = $ (Round to two decimal places as needed.)

Use the continuous compound interest formula to find the indicated value. A = $6,400; r = 8.21%; t = 6 years; P = ? P = $ (Round to two decimal places as needed.)

Assume that today is September 12. You have been asked to help a British client who is scheduled to pay 1,500,000 on December 12, 91 days in the future. Assume that your client can borrow and lend...

You have a 25-year $400,000 mortgage with a 3.5% rate of interest (compounded monthly) that you make monthly payments on. What is the balance of the loan at the end of year 15?

Why would you prefer to receive an annuity due for $ 1 0 , 0 0 0 per year for 1 0 years than an otherwise similar ordinary annuity?

Canyon Company's Assembly Department has the following production and manufacturing information for February: Units: 28,000 in beginning inventory that are 100 percent complete for materials and 20...