the commercial federal bank pays 6% interest compounded continuously what is you
ID: 3116142 • Letter: T
Question
the commercial federal bank pays 6% interest compounded continuously what is your future value if you invest $10,000 for 4 years round to the nearest cent Path: p UESTION9 The Commercial Federal Credit Bank pays 6% interest compounded continuously. What is your future value if you invest $10,000 for 4 years? Round to the nearest cent Formula: S-Pe For the toolbar, press ALT+F10(PC) or ALT+FN+F10 (Mac). QUESTION 10 The population of japan for the years 1984-2006 is approximated by the logarithmic function 114.016+4.267Inx million people, with x equal the number of years after 1980. According to the model, what is the estimated population in 2016? In 2018? Round to nearest tenth. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)Explanation / Answer
investment = 10,000
rate of interest = 6%
time = 4 years
S = Pe^rt
S = 10000 e^.06*4
S = 12712.49
future value = $ 12712.5
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