How much should be invested now at an interest rate of 6.5% per year, compounded continuously, to have $1500 in two years?

Do not round any intermediate computations, and round your answer to the nearest cent.
If necessary, refer to the list of financial formulas.

Answers

Answer 1

Answer:

$1317.14

Step-by-step explanation:

compounded continuously formula is A=Pe^rt

given that you want to have $1500 in 2 years while the rate is 6.5%, you have A, r, and t of the formula and you are just looking for the P.

plugging everything in...

1500=P (e)^2x0.065

P=1500/1.139

P=1317.14


Related Questions

Choose the inequality that represents the following graph.

Answers

Answer:

a

Step-by-step explanation:

the answer is a because the rrow is pointing right so the symbol is > and the point starts at -5

Please please give answer , the numbers on the side are the options

Answers

Answer:

24 tiles (none of the options given is correct)

Step-by-step explanation:

Number of tiles required to floor the room = area of the room/area of 1 tile

Area of the room = 36m * 24m = 864 m²

Area of 1 tile = 6² = 36 m²

Number of times required = 864/36 = 24 tiles

please help me thank you

Answers

Answer:

D) Perpendicular

Step-by-step explanation:

Red: 5y+4x=-30

Blue: y=5/4x-5

A researcher wants to determine whether the number of minutes adults spend online per day is related to gender. A random sample of 315 adults was selected and the results are shown below. Find the expected frequency for the cell E2,2 to determine if there is enough evidence to conclude that the number of minutes spent online per day is related to gender. Round to the nearest tenth if necessary. Gender| 0-30| 30-60| 60-90| 90+ Male| 23|35|76|46 Female|31|42|46|16

Answers

Answer:

The expected frequency for the cell E2,2 is = 33

Step-by-step explanation:

The given data is

Gender               | 0-30| 30-60| 60-90| 90+       Totals

Male                    | 23    |    35   |   76    |  46        180

Female               |   31   |    42   |   46    |  16         135    

Totals                    54         77        122    62          315  

The expected frequency for the cell E2,2 is :

Expected for the (30-60 box for females)   =  Total of (30-6)/ (total )* females

                                                                      = ( 77/315)135= 33

Here p= 77/315 and n= 135

therefor X= pn = 33

χ²=  (33-42)²/33= 2.455  ( for the single value of E2,2=33)

Expected for the (30-60 box for males)   =  Total of (30-6)/ (total )* males

                                                                      = ( 77/315)180= 44

χ²=  (44-42)²/44= 0.09

The critical region is  χ² (0.05) 3 ≥  χ²= 11.34

Let the null and alternate hypothesis be

H0:the number of minutes spent online per day is not related to gender

against

Ha: the number of minutes spent online per day is related to gender

The single value of χ² for E2,2 = 2.45 is less than the critical value of 11.34.  

helppppp meeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

Answers

#4 no some outputs and inputs are the same

1000003842638476238476+2837428734682764283746

Answers

Answer:

3.8374326e+21

Step-by-step explanation:

id.k goo.gle said this

HELP PLEASEEEE

The larger of two number is ten more than three times the smaller number The sum of the two numbers is fifty four

Answers

Answer:

hasta no se pero nimodoa esta bien adiós baybau

What is the sum of 1 2 + 1 4 12+14? Use the fraction strip to help.

Answers

Answer:

6/8 or in simple terms, 3/4

Step-by-step explanation:

[tex] \frac{1}{2} + \frac{1}{4} \\ = ( \frac{1}{4} + \frac{1}{4} ) + \frac{1}{4} \\ = ( \frac{1}{8} + \frac{1}{8} ) + (\frac{1}{8} + \frac{1}{8} ) + (\frac{1}{8} + \frac{1}{8} ) \\ = ( \frac{2}{8} ) + ( \frac{2}{8} ) + ( \frac{2}{8} ) \\ = \frac{6}{8} \\ = \frac{2 \times 3}{2 \times 4} \\ = \frac{3}{4} [/tex]

The given operation of the two fractions can be found as 6/8. The correct option is (D).

What is a fraction?

A fraction is a number written in the form a / b, where a and b are integers and b ≠ 0.

The number a is called as the numerator and b is the denominator.

The given expression is 1/2 + 1/4.

It can be solved using the strip given as below,

The number of 1/8 sections under 1/2 in the strip is 4.

And, the number of 1/8 sections under 1/4 in the strip is 2.

Then, the addition of the two fractions is equivalent to the total number of 1/8 sections under both of them.

It can be written in mathematical form as,

⇒  1/2 + 1/4

⇒ 4 × 1/8 + 2 × 1/8

⇒ 6/8

Hence, the required sum of the given fractions can be evaluated as 6/8.

To know more about fraction click on,

https://brainly.com/question/10354322

#SPJ2

A collection agent earns a fixed amount for each call that he makes, as
shown in the graph below.

If the collection agent makes 11 calls, how much will he earn in total?

Answers

Answer:

The answer is $9.90

Step-by-step explanation:

A server sees 90 customers over 6 hours. How many customers did they see in 1 hour? *

Answers

Answer:

They saw 15 customers per hour.

Step-by-step explanation:

Fifteen customers
Because its 90 divided by 6 basically

3
What is the remainder when 2,308 is divided by
nine? Give your answer as a fraction.

Answers

Answer:

254 R 6

Step-by-step explanation:

Answer:

256 7/16

Step-by-step explanation:

2308/9 = 256 7/16

(5 pts) It takes Jack 3 hours longer to write holiday cards than it takes Jill. Together, they can write them
in 2 hours. How long does it take each person to write the cards working alone?​

Answers

Answer:

Jack needs 6 hours and Jill needs 3 hours.

Step-by-step explanation:

Let's define the variables:

X  = rate at which Jack can write a holiday card.

Y = rate at which Jill can write a holiday card.

Each of them will need a given time to write a card, such that:

X*T = 1 card

We know that Jack needs 3 more hours to write a card than Jill, then Jill needs 3 hours less than Jack, so if Jack needs T hours, Jill will need T - 3 hours

Then we have the equation:

Y*(T - 3 hr) = 1 card

And we also know that when they work together, they need 2 hours, then:

(X + Y)*2 hr = 1 card.

So we have 3 equations:

X*T = 1 card

Y*(T - 3 hr) = 1 card

(X + Y)*2 hr = 1 card.

Now let's ignore the card part just for the equations, then we get:

X*T = 1

Y*(T - 3 hr) = 1

(X + Y)*2 hr = 1

To solve it, we first need to isolate one variable in one of the equations, let's isolate T in the first equation, we get:

T = 1/X

Now we can replace this in the second equation to get:

Y*((1/X) - 3hr) = 1

So now we have two equations:

(X + Y)*2 hr = 1

Y*((1/X) - 3hr) = 1

We need to do the same, isolate one variable in one of the equations, let's isolate Y in the above one:

Y*2hr = 1 - X*2hr

Y = (1 - X*2hr)/2hr

Now we can replace this in the other equation to get:

((1 - X)/2hr)*((1/X) - 3hr) = 1

Now we can solve this for X:

((1 - X)/2hr)*((1/X) - 3hr) = 1

(1 - X)*((1/X) - 3hr) = 2 hr

1/X - 3hr - X*2hr/X + X*2hr*3hr = 2hr

1/X - 3hr - 2hr + X*6hr^2 = 2hr

1/X + X*6hr^2 = 2hr + 3 hr + 2 hr = 7hr

1/X + X*6hr^2 = 7hr

Now we can multiply all by X to get:

X/X + X*(X*6hr^2) = 7hr*X

Now we have the quadratic equation:

(6hr^2)*X^2 - (7hr)*X + 1 = 0

We can find the solutions of this equation if we use the Bhaskara's formula, the solutions are:

[tex]X = \frac{-(-7hr) +- \sqrt{(-7hr)^2 - 4*(6hr^2)*1} }{2*6hr^2} = \frac{7hr +- 5hr}{12 hr^2}[/tex]

Then we have two solutions:

X = (7hr + 5hr)/12hr = 1 hr^-1

And this is the rate at which Jack writes a card, so the actual units are:

X =  0.167 card/hr

Then Jill's rate will be:

Y = (1 - X*2hr)/2hr = (1 - 1card/hr*2hr)/2hr = -0.5 card/hr

So we have a negative rate, this makes no sense, so we can discard this option. The other solution for X is:

X = (7hr - 5hr)/12hr = 0.166... hr^-1

And this is the rate at which Jack writes a card, so the actual units are:

X =  0.166... card/hr

If we have this, then the rate for Jill will be:

Y = Y = (1 - X*2hr)/2hr = (1 - 0.167card/hr*2hr)/2hr = 0.333 card/hr

Then we have:

X = 0.167 card/hr

If we use the first equation, we get:

(0.166... card/hr)*T = 1 card

T = 1 card/((0.166... card/hr)) =  6 hours

Then Jack needs 6 hours to write a card.

And we know that Jill needs 3 hours less than that, then Jill needs 3 hours.

Which equation has the steepest graph?
Answer Choices:
y = 2x + 4
y = -4x – 1
y = 1/2 x + 10
y = 5x + 2​

Answers

Answer:

y = 5x + 2

Step-by-step explanation:

in order to find if a line is steeper, you need to look at the slope

the greater the slope, the steeper the line will be

y = 2x + 4

y = -4x - 1

y = 1/2x + 10

y = 5x + 2

out of all of these options, y = 5x + 2 has the largest slope. this means that it is the steepest one.

I need help!
Benjamin had 1/3 of a can of paint left after he painted his room. Instead of throwing it away, he decided to use 3/4 of the remaining paint to make a picture for his sister. How much of the paint will he use to make the picture for his sister?

Answers

Answer:

1/4 of a can

Step-by-step explanation:

He had 1/3 of a can.

He used 3/4 of the 1/3 of the can.

He used 3/4 * 1/3 of a can.

3/4 * 1/3 = 3/12 = 1/4

Answer: 1/4 of a can

Find m
3x-6
8x+4
130

Answers

12 lolllll I’m pretty sure

Answer:

<A = 30°

The steps are given in the pic. Hope it will help :)

you have 60 oz of egg noodles. yiu need 5 oz to make one serving of chicken noodle soup. how maby servings can you make​

Answers

Answer:

The answer is 12

Step-by-step explanation:

You have to divide 5 and 60 or you can multiply by 5 until you get to 60.

Answer:

12

Step-by-step explanation:

60/5=12

you work at a coffee house roasted coffee beans retain 3/5 of the initial weight approximately what percentage of the initial weight do they retain​

Answers

Answer:

they retain 3/5 or 60% of their initial weight

Step-by-step explanation:

Solve 5x + 34 = –2 + 7x for x.
Question 14 options:

A)

x = 12

B)

x = 18

C)

x = –16

D)

x = –24

Answers

Answer:

x = 18

Step-by-step explanation:

The tape diagram represents an equation. w 1.3 2.7

Answers

Answer:   2/3

Step-by-step explanation:

Answer: w + 1.3 = 2.7

Step-by-step explanation: i did it in khan academy ∩(︶▽︶)∩ HOPE IT HELPS

170
The following problems were in your worksheet on direct and inverse proportion. Reformulate the
relationships as algebraic expressions and remember to define the variables you use. You do not
have to solve the expressions.
5. The students in class usually drink a lot of water to help with their studies. I have found that
with five students in the class at least 30 litres of water is needed. How much water will be
needed when there are 30 students in the class?​

Answers

Answer:

For s students, at least 6s liters of water will be needed. So, for 30 students, at least 6*30 = 180 liters of water will be needed.

Step-by-step explanation:

This question is solved by proportions, using rule of three.

I am going to say that:

s is the number of students.

l is the number of liters of water needed for s students.

I have found that with five students in the class at least 30 litres of water is needed.

This means that:

[tex]\frac{s}{l} = \frac{5}{30}[/tex]

[tex]5l = 30s[/tex]

[tex]l = \frac{30s}{5}[/tex]

[tex]l = 6s[/tex]

This means that for s students, at least 6s liters of water will be needed. So, for 30 students, at least 6*30 = 180 liters of water will be needed.

2)Jeremy buys 5 pencils and a notebook. If each
pencil costs $0.59 and a notebook is $2. How
much will Jeremy pay all together?

Answers

Answer:

$4.95

Step-by-step explanation:

Answer:

4.59

Step-by-step explanation:

0.59x5=$2.95

2.95+2=4.59

3.5-5.5n-4n+8 help please

Answers

You’re just simplifying it I think so . 8+3.5= 11.5 and then -5.5n+-4n= -9.5 so in conclusion the equation is 11.5 - 9.5n

Find the segment lengths

Answers

Answer:

y = 18

Step-by-step explanation:

[tex] \frac{21 + 7}{21} = \frac{y + 6}{y} [/tex]

[tex] \frac{28}{21} = \frac{y + 6}{y} [/tex]

Cross multiply

28*y = 21(y + 6)

28y = 21y + 126

28y - 21y = 126

7y = 126

y = 126/7

y = 18

A college newspaper interviews a psychologist about student ratings of the teaching of faculty members. The psychologist says that the evidence indicates that the correlation between the research productivity and teaching rating of faculty members is close to zero. The paper reports this as Professor McDaniel said that good researchers tend to be poor teachers, and vice versa. Which statement in plain language (i.e. without the word correlation) correctly explains the psychologist's meaning?
A)There is little connection between research productivity and teaching rating.
B) While bad researchers tend to be good teachers, there is no similar relationship between good researchers and bad teachers.
C) While good researchers tend to be bad teachers, there is no similar relationship between bad researchers and good teachers.
D) Good researchers tend to be bad teachers and bad researchers tend to be good teachers.

Answers

Answer:

The correct option is A.

Step-by-step explanation:

As the psychologist states that there is no correlation found between teaching ratings and research productivity of the same faculty member, meaning that there is no significant relationship between the two. The paper's report states quite the opposite, that there is an inverse correlation. The statement that explains what the psychologist says correctly is A. There is little connection between teaching rating and research productivity.

I hope this answer helps.

Need help ASAP. Just solve what you can and make sure to tell me what is what.

100 POINTS

Answers

Answer:

9x3+5x2=37

8-(7-5)^2+8=12

10-3+5+5x4=32

ill solve rest in comments

9x3+5x2=37

8-(7-5)^2+8=12

10-3+5+5x4=32

What is the diameter or the radius?

Please help

Answers

Answer:

Radius, Diameter and Circumference

The Radius is the distance from the center outwards. The Diameter goes straight across the circle, through the center. The Circumference is the distance once around the circle.

:)

Answer:

Radius = 8.7 cm

Step-by-step explanation:

The height and hypotenuse of the triangle is provided, so all we have to do is use the Pythagorean Theorem. [tex]\sqrt{15^{2}-12.2^{2}}[/tex] and this yields the answer.

help quick

Write the ratio as a fraction in lowest terms. Be sure to make necessary conversions:

12 feet to 15 inches

Answers

48/53

Steps

15 inches = 1.25 feet

Ratio = 12 : 1.25

Simplified = 9.6 : 1

9.6 + 1 = 10.6

9.6/10.6 = 48/53

Checking...

12 feet = 144 inches

Ratio = 144 : 15

144 + 15 = 159

144/159 = 48/53

Answer:

[tex] \frac{12}{15} [/tex]

Step-by-step explanation:

12:15

•=12[tex] \frac{12}{15} [/tex]

PLEASE HELP The value of x in A is _, and the value of y in B is_.

Answers

-7 and -25. Each number is multiplied by -5. The first section is A, and the second is -5A.

The value of a house wa shilling 600,000 in 2005.It increased by 25% in 2006 and 10% in 2007 but dropped by 15% in 2007 find its value in 2008​

Answers

Given:

The value of a house is 600,000 in 2005.

It increased by 25% in 2006 and 10% in 2007 but dropped by 15% in 2007.

To find:

The value of the house in 2008.

Solution:

We have,

Value of house in 2005 = 600,000

It increased by 25% in 2006.

Value of house in 2006 = [tex]600,000+\dfrac{25}{100}600,000[/tex]

                                        = [tex]600,000+150,000[/tex]

                                        = [tex]750,000[/tex]

It increased by 10% in 2007

Value of house in 2007 = [tex]750,000+\dfrac{10}{100}750,000[/tex]

                                        = [tex]750,000+75,000[/tex]

                                        = [tex]825,000[/tex]

But it dropped by 15% in 2007.

Value of house in 2008 = [tex]825,000-\dfrac{15}{100}825,000[/tex]

                                        = [tex]825,000-123,750[/tex]

                                        = [tex]701,250[/tex]

Therefore, the value of the house in 2008 is 701,250.

Find the Area Please​

Answers

7.2x10=72
This should be the correct answer
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