Solve the problem.Find the present value of $57,000 due 15 years later at 8%, compounded continuously.
A. $17,168.07
B. $189,246.66
C. $16,206.66
D. $285,000
Answer: A
You might also like to view...
Solve the problem.James doubled his profit compared with that of last year. Last year he doubled his profit from the previous year. If his profit this year was $12,000, then what was his profit last year and the year before that?
A. $9000; $3000 B. $3000; $1500 C. $9000; $6000 D. $6000; $3000
Find the amount of sales tax or excise tax. Round to the nearest cent.Sales price: $30,082Sales tax rate: 5.25%
A. $15,793.10 B. $1579.31 C. $1880.13 D. $1278.49
Find partial fraction decomposition for the following function.h(x) = 
A. h(x) = 
+ 
+ 
B. h(x) = 
+ 
+ 
C. h(x) = 
+ 
+ 
D. h(x) = 
+ 
For problems 5-6 the seventh term of a geometric sequence is 
. The common ratio is 
. Find a formula for the nth term of the sequence.
A. 
B. 
C. 
D. 
E. None of these