If $4500 is invested at an interest rate of 7.25% per year, compounded continuously, find the value of the investment after the given number of years. (round your answers to the nearest cent.)

Answers

Answer 1

Final answer:

The value of an investment of $4500 at a 7.25% annual interest rate, compounded continuously, is calculated using the compound interest formula [tex]P = P_0e^{rt}[/tex], where P0 is the initial amount, r is the rate as a decimal, and t is the time in years.

Explanation:

The subject of this question is Mathematics, and it falls under the High School grade level. To find the value of an investment compounded continuously, we use the formula:

[tex]P = P_0e^{rt}[/tex]

Where:

P0 is the initial amount investedr is the annual interest rate (in decimal form)t is the time in yearse is the base of the natural logarithm, approximately equal to 2.71828

Given a $4500 investment at a 7.25% annual interest rate, compounded continuously, we can calculate the future value of the investment after t years. Convert the percentage to a decimal by dividing by 100:

r = 7.25 / 100 = 0.0725

So the formula becomes:

[tex]P = $4500e^{0.0725t}[/tex]

Plug in the number of years into 't' to calculate the future value for that specific duration.

Answer 2

After 2, 4, and 6 years of continuous compounding, the investment values are approximately $5198.85, $6014.70, and $6953.85 respectively.

To find the value of the investment after a certain number of years with continuous compounding, we use the formula:

[tex]\[ A = P e^{rt} \][/tex]

Given:

-  P = $4500

-  r = 7.25% = 0.0725  (as a decimal)

We need to calculate the value of the investment after 2, 4, and 6 years.

(a) For 2 years:

[tex]\( A = 4500 \times e^{0.0725 \times 2} \)\\\( A = 4500 \times e^{0.145} \)\\\( A \approx 4500 \times 1.1553 \)\\\( A \approx \$5198.85 \)[/tex]

(b) For 4 years:

[tex]\( A = 4500 \times e^{0.0725 \times 4} \)\\\( A = 4500 \times e^{0.29} \)\\\( A \approx 4500 \times 1.3366 \)\\\( A \approx \$6014.70 \)[/tex]

(c) For 6 years:

[tex]\( A = 4500 \times e^{0.0725 \times 6} \)\\\(A = 4500 \times e^{0.435} \)\\\(A \approx 4500 \times 1.5453 \)\\\( A \approx \$6953.85 \)[/tex]

So, the values of the investment after 2, 4, and 6 years respectively are approximately:

(a) $5198.85

(b) $6014.70

(c) $6953.85

Complete Question:
If $ 4500 is invested at an interest rate of 7.25% per year, compounded continuously, find the value of the investment after the given number of years. (Round your answers to the nearest cent.)

(a) 2 years

(b) 4 years

(c) 6 years


Related Questions

Are Abel Fields’s actions protected by the First Amendment?

Answers

According to a 2012 decision by the US Supreme Court, Abel Fields's actions are protected by the First Amendment.


In the fictitious case study scenario of Abel Fields, he claimed to have received a Purple Heart for wounds suffered in combat, when in fact he had never served in the military. He asserted his claim as a freedom of speech issue.


In a real-life decision by the US Supreme Court, United States v. Alvarez, the the Court struck down the Stolen Valor Act of 2005 (signed into law by President G.W. Bush in 2006). The law had criminalized false statements about having a military medal. By a 6-3 majority, the Supreme Court determined that the Stolen Valor Act was unconstitutional under the First Amendment's protection of free speech.

According to a 2012 decision by the US Supreme Court, Abel Fields's actions are protected by the First Amendment.

The height H(in feet) of a ball T seconds after it is hit can be modeled by the function H(t)=-16t^2+32t+7

Answers

H(t) = -16t^2 + 32t + 7
The 7 shows the height the ball was hit from
Setting H(t) = 0 and solving for t yields t= 2.2 seconds when it hits the ground

A student rolls a standard number cube. What is the probability the student rolled a 4, given that the number rolled was greater than or equal to 2?

Answers

<><> answer: B. 1/5 <><>

How long will it take you to bike a distance of 108 miles at a speed of 24 miles per hour ?

Answers

Just divide 108 by 24 and you'll figure out how many hours.



(Also, if you don't want to do it the answer is 4.5 (4 hours and 30 minutes)

:D
4 and a half hours (4 hours & 30 minutes)

9. Simplify the expression. 8 – 5(12x + 8) A) 36x + 24 B) –60x – 32 C) –60x + 16 D) –60x + 48

Answers

8 - 5(12x + 8)

8 - 60x - 40 

-60x + (8 - 40)

-60x - 32

hope that helps, God bless!

I need help with proofs

Answers

Proofs are often over-complicated in math class. They are basically a step by step way of doing an assignment. There can be ones that are done using only math equations, but there are also ones that you write out as you would an essay, and those are my personal favorite. In those, you basically write out moment by moment how you find out the answer to a given problem.

Study the Proof Given.

List the reasons for Items 2,3, & 4.

Right the number and then the answer.

Question 1 options:

Answers

2. Definition of midpoint
3. Given
4. Transitive property

Solve:
r/5 - 6 = -1

A) r = 1
B) r = 5
C) r = 10
D) r = 25

Answers

r/5 - 6 = -1

add 6 to both sides

r/5 = 5

multiply both sides by 5

r = 5 *5 = 25

r = 25

i believe its c?????

If f(x)=2−x12 and g(x)=x2−9, what is the domain of g(x)÷f(x)?

Answers

[tex]\bf \begin{cases} f(x)=2-x^{12}\\ g(x)=x^2-9\\ g(x)\div f(x)=\frac{g(x)}{f(x)} \end{cases}\implies \cfrac{x^2-9}{2-x^{12}}[/tex]

now, for a rational expression, the domain, or "values that x can safely take", applies to the denominator NOT becoming 0, because if the denominator is 0, then the rational turns to undefined.

now, what value of "x" makes this denominator turn to 0, let's check by setting it to 0 then.

[tex]\bf 2-x^{12}=0\implies 2=x^{12}\implies \pm\sqrt[12]{2}=x\\\\ -------------------------------\\\\ \cfrac{x^2-9}{2-x^{12}}\qquad \boxed{x=\pm \sqrt[12]{2}}\qquad \cfrac{x^2-9}{2-(\pm\sqrt[12]{2})^{12}}\implies \cfrac{x^2-9}{2-\boxed{2}}\implies \stackrel{und efined}{\cfrac{x^2-9}{0}}[/tex]

so, the domain is all real numbers EXCEPT that one.

The amount of paint needed to cover the walls of a room varies jointly as the perimeter of the room and the height of the wall. if a room with a perimeter of 70 feet and 8-foot walls requires 5.6 quarts of paint, find the amount of paint needed to cover the walls of a room with a perimeter of 65 feet and 10-foot walls

Answers

the answer to the question is 6.5 quarts because according to this 1 quart will cover 1600 square feet

What are the domain and range for the cube root function graphed below? Justify your answer in complete sentences.

Answers

whats the cube root function graphed below ?

6% of 124 =
7.44
0.744
74.4
744
If you could explain would be great

Answers

To turn a percentage into a decimal, divide it by a hundred. So, 6% --> 6/100 which is 0.06.  To find a percentage of a number, multiply the number by the percent in decimal form. In this case, 124 x 0.06. The answer is 7.44. So 6% of 124 is 7.44

Given triangle JKL, sin 38 degree equals

Answers

Right triangle
sin(38) = cos(52)

answer
 cos(52)

hope it helps

Answer:

B. [tex]\text{cos}(52^{\circ})[/tex].

Step-by-step explanation:

We have been given a right triangle. We are asked to complete our given statement.

[tex]\text{sin}(38^{\circ})[/tex] equals ___.

We will use identity [tex]\text{sin}(x)=\text{cos}(90-x)[/tex] to solve our given problem.

[tex]\text{sin}(38^{\circ})=\text{cos}(90^{\circ}-38^{\circ})[/tex]

[tex]\text{sin}(38^{\circ})=\text{cos}(52^{\circ})[/tex]

Therefore, [tex]\text{sin}(38^{\circ})[/tex] equals [tex]\text{cos}(52^{\circ})[/tex].

Chloe draws three parallelograms. In each figure, she measures a pair of angles, as shown. What is a reasonable conjecture for Chloe to make by recognizing a pattern and using inductive reasoning?

a) In a parallelogram, consecutive angles are supplementary.
b) In a parallelogram, all angles are congruent.
c) In a parallelogram, all angles are supplementary.
d) In a parallelogram, consecutive angles are congruent.

Answers

The best answer is A) In a parallelogram, consecutive angles are supplementary.
Final answer:

The conjecture Chloe can make based on the given information is that in a parallelogram, consecutive angles are congruent.

Explanation:

Chloe's conjecture, based on the pattern she observed, would be that in a parallelogram, consecutive angles are congruent. To support this conjecture, we can explain that a parallelogram has opposite sides that are parallel, and therefore, the opposite angles are congruent. Since the consecutive angles are adjacent to these opposite angles, they must also be congruent.

Learn more about Parallelograms here:

https://brainly.com/question/32441125

#SPJ2

A woman 5 ft tall walks at the rate of 3.5 ft/sec away from a streetlight that is 12 ft above the ground. at what rate is the tip of her shadow moving? at what rate is her shadow lengthening? ⇒

Answers

Refer to the diagram shown below.

The woman walks at a rate of 3.5 ft/s away from the streetlight. Therefore
[tex] \frac{da}{dt} =3.5 \, ft/s[/tex]

The length of the shadow changes at the rate
[tex] \frac{dx}{dt} [/tex]

Because triangles ACE and BCD are similar  (AAA), therefore
[tex] \frac{AC}{BC}= \frac{AE}{BD} \\\\ \frac{a+x}{x} = \frac{12}{5} [/tex]
12x = 5a + 5x
7x = 5a

Therefore
[tex] \frac{dx}{dt} = \frac{5}{7} \frac{da}{dt} = \frac{5}{7} (3.5 \, ft/s) = 2.5 \, ft/s[/tex]

Answer: 2.5 ft/s

The rate at which her shadow is lengthening is 2.5ft/sec

Triangular altitude theorem:

To get the rate of her shadow lengthening, we will use the similarity theorem of a triangle.

Find the triangle attached. From the triangle;

[tex]\frac{EA}{AC} =\frac{DB}{BC}[/tex]

Substitute the sides as given in the diagram:

[tex]\frac{12}{x+a} =\frac{5}{x}\\12x = 5(x+a)\\ 12x=5x+5a\\7x = 5a[/tex]

Differentiate both sides with respect to t

[tex]7\frac{dx}{dt} = 5\frac{da}{dt} \\7\frac{dx}{dt}=5(3.5)\\7\frac{dx}{dt}=17.5\\\frac{dx}{dt} = 2.5ft/sec[/tex]

The rate at which her shadow is lengthening is 2.5ft/sec

Learn more on similar triangles here: https://brainly.com/question/2644832

Ryan has read 30% of the pages of his book on monday if he read 45 pages how many pages does the book have

Answers

the answer is 1350 due to the fact that first you multiply 45 by 10 which is 450 and multiply it by 3
i hope this helps

Answer:

150

Step-by-step explanation:

30%=45

30%x3=90%

45x3=135

30%/3=10

45/3=15

10%=15

135+15=

150

five times the sum of a number and 27 is greater than or equal to six times the sum of the number and 26 what is the solution to set of the problem

Answers

5(n + 27) >= 6(n + 26)

5n + 135 >= 6n + 156

-n >= 21

n <= -21

Find the value of x for the rectangle

perimeter=26 meters
rectangle one the bottom is (x+3) m
on the right side of the rectangle (2x-6)m

Answers

(x+3)(2x-6)=26

2x(to the second power)-18=26

2x(to the second power) -18-26=26-26

2x(to the second power)-44 = 0

x=square root of 22,x= negative square root of 22

decimal form : x = 4.69042,x= -4.69042

If a television is $117.00 and was marked down by 10% then what was the original price

Answers

$117.00(10%) = $117.00(0.10) = $11.70
$117.00 + $11.70 = $128.70

Thus, the original price for the television is: $128.70

joy is planning to purchase a sweater that costs 30$ dollars at her local department store. The sweaters are on sale for for 20% off.

Which steps are needed to find the sale price of the sweater in words?

Answers

First we calculate 20% of the price:

20% of 30$ is 0.2*30$=6$.

Then we subtract 6$ (that is 20% of the price) from 30$, and get 24$.

Thus, the sale price is 24$

Answer:24

Step-by-step explanation:

Together, teammates pedro and ricky got 2671 base hits last season. pedro had 277 more hits than ricky. how many hits did each player​ have?

Answers

Final answer:

To find out how many hits each player had, we set up a system of equations and solve for the variables. Pedro had 2474 hits and Ricky had 1197 hits.

Explanation:

To solve this problem, we need to set up a system of equations. Let's represent the number of hits Pedro had as x and the number of hits Ricky had as y. We are given that their combined hits is 2671, so we can write the equation:

x + y = 2671

Additionally, we are given that Pedro had 277 more hits than Ricky. This can be represented as:

x = y + 277

We can now substitute the second equation into the first and solve for y:

y + 277 + y = 2671

2y = 2394

y = 1197

Now we can substitute the value of y back into the first equation to solve for x:

x + 1197 = 2671

x = 2474

Therefore, Pedro had 2474 hits and Ricky had 1197 hits.

Learn more about Solving a system of equations here:

https://brainly.com/question/29050831

#SPJ12

Match the inequality to the graph of its solution.
a. n/4 ≤ -1
b. -10 ≥ -100
c. 5x ≥ 20

Answers

B. -10x>= -100 is for the first graph.
A. n/4<= -1 is for the second song
Hope this helps

Answer:

its B

Step-by-step explanation:

The area of this triangle is 200ft what does x have to be height is 12 feet and base 5x feet

Answers

1/2(5x*12)= 200
5x*12=400
5x=33 1/3
x= 6 2/3

Answer:

x=6.67

Step-by-step explanation:

We are given that area of triangle is 200 square feet .

Height of triangle =12 feet

Base of triangle =5x feet

We have to find the value of x

We know that area of triangle with base b and height h

Area of triangle =[tex]\frac{1}{2}\times b\times h[/tex]

Substitute the values then we get

Area of triangle =[tex]\frac{1}{2}\times 5x\times 12 [/tex]

[tex]200=30 x[/tex]

[tex]x=\frac{200}{30}[/tex]

[tex]x=6.67[/tex]

Hence, x=6.67

In which quadrant is θ located if cscθ is negative and tanθ is positive?

Answers

If cos is negative and tan is positive it's located in third quadrant (3)

Answer:

[tex]\theta[/tex] is located in 3rd Quadrant.

Step-by-step explanation:

We are given that [tex]cos\,\theta[/tex]  is negative  and [tex]tan\,\theta[/tex]  is positive

We have to find Quadrant in which [tex]\theta[/tex] is located.

We have 4 Quadrants.

In 1st Quadrant , All trigonometric ratios are positive.

In 2st Quadrant , sin and cosec are positive while others are negative.

In 3rd Quadrant , tan and cot are positive while others are negative.

In 4th Quadrant , cos and sec are positive while others are negative.

Therefore, According to given information [tex]\theta[/tex] located in 3rd Quadrant.

p(5)=-3+4(5) solve please

Answers

20+-3 is 17
First you do pemdas and multiply 4 and 5 first.
Then you add -3

Suppose a cup of coffee at the campus coffee shop is $2.50 and a cup of hot tea is $1.25. suppose a student's beverage budget is $20 per week. if you were going to write an algebraic expression of this budget line of the form coffee = a + b tea. b would be

Answers

B = $1.25
I don't fully understand what the question is going for.

John concludes that, since (x - 5) is a factor of the polynomial x2 - 25, if he performed the long division (x2 - 25) ÷ (x - 5), the remainder would be zero. This is an example of ___________ reasoning(x2 - 25)

Answers

John concludes that, since (x - 5) is a factor of the polynomial x2 - 25, if he performed the long division (x2 - 25) ÷ (x - 5), the remainder would be zero. This is an example of deductive reasoning(x2 - 25).

Answer:

Deductive reasoning

Step-by-step explanation:

Given : John concludes that, since (x-5) is a factor of the polynomial [tex]x^2-25[/tex], if he performed the long division [tex](x^2-25)\div (x-5)[/tex], the remainder would be zero.  

To find : This is an example of ___________ reasoning [tex]x^2-25[/tex]?

Solution :

The above situation make conclusion when we know the fact that (x-5)

is the factor as the factor of polynomial divide it completely.

Therefore, This is the example of deductive reasoning.

Deductive reasoning is the process by which a person makes conclusions based on previously known facts.

The united states exports over 200 billion pounds of coal how many tons does the united states export

Answers

I think that would be 100 million pounds of coal.

Answer:100,000,000 tons

word form: one hundred million tons

Step-by-step explanation:

what is the difference between 506 and 233

Answers

273 is the answer.
Hope it helps!
506 - 233 = 273
answer
the difference between 506 and 233 is 273

What is the value of x?

A. 25 cm

B. 7 cm

C. 29 cm

D. 35 cm

Answers

Answer:

  29 cm

Step-by-step explanation:

The central triangle is isosceles, so the length if its right side (x) is the same as the length of its left side (29 cm).

  x = 29 cm

Other Questions
Find the equation for the table Could someone please help me. Thanks!!! 12 points! What is the value 5436788 for digit number 4 PLEASE HELP!During the Protestant Reformation, which church used new genres such as the Anglican chant, the anthem, and the long and short services?a) Calvinist Movement b) Lutheran Churchc) Catholic Church d) Church of England What is the basic difference between Folsoms and Josephsons views of these businessmen? How does general anesthesia affect the brain? what is an angle between a side of a polygon and the extension of its adjacent side What is the smallest natural number that has three distinct prime factors in its factorization? what is social disorganization Theory There are 9 red and 6 green marbles in a bag. A child reaches in the bag and randomly takes one marble. What is the probability pf that child getting a green marble Scientists are studying compounds in a newly discovered rain forest plant. The plant produces an unusual substance that local people from the area say acts as an anesthetic. If another scientist tests the substance using iodine, which macromolecule is the scientist testing for? a. Carbohydrates b. Protein c. Nucleic Acid d. Lipid how do u right a rational as a decimal? 7/40 Cassidy is a teacher who loves to try piagetian questions on her young son. one day in the car she asked him who the fastest runners in his class were. to confirm she asked, "kevin is faster than bill, right?" and later she asked, "nate is faster than kevin, right?" waiting a while, she asked, "is nate or bill faster?" she smiled when her son said, "_____," because he was demonstrating _____. some injuries related to sports and exercise are ? What is the energy source used to drive atp synthase to produce atp? what is the correct sentence We went to the mall, and Susan bought shoes. How much power did the catholic church have in the middle ages? a girl is the same age if she takes 3/4 of her age +9 or 1/4 +21. what is her age? . The California Board of Tourism needs an article for its web site about places to go whale watching in California. Who would be the best person to hire for this task?a writer who lives near Californias whale-watching sitesa writer with a good friend in the whale-watching businessa writer who also owns a boat that he rents to whale watching toursa writer who has never tried whale watching Describe a product that you think has saturated its market Steam Workshop Downloader