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Need help on this!!! 7 points!!!
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5 votes
Need help on this!!! 7 points!!!

Need help on this!!! 7 points!!!-example-1
User Altroware
by
3.8k points

2 Answers

1 vote

Answer:

$226,863.29

Explanation:

P = $47,000

r = 0.0926

t = 17

A =
47,000(2.718)^((0.0926)(17))

A = $226,863.29

User Darqer
by
3.6k points
3 votes

Answer:

P= $226,863.29

Explanation:

Compounded Continously means

P= P₀e^(rt)

plug in givens

P=(47000)e^(0.0926*17)

Use Calculator

and get P= $226,863.29

User Romilton Fernando
by
3.2k points
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