Solve the problem.What should P0 be so that the amount of a continuous money flow over 30 years at interest rate 5.5%, compounded continuously, will be $30,000?
A. $265.83
B. $392.21
C. $316.88
D. $71.31
Answer: B
You might also like to view...
Use a calculator to approximate the square root to the nearest thousandth.
A. 8.059 B. 65.000 C. 8.067 D. 8.062
Provide an appropriate response.Determine the point elasticity ? of the demand equation (p + 1)
= 1000, when p = 24.
What will be an ideal response?
Provide an appropriate response.The following table has the inputs, x, and the outputs for three functions, f, g, and h. Use second differences to determine which function is exactly quadratic, which is approximately quadratic, and which is not quadratic.
What will be an ideal response?
Use graphical methods to find all real solutions to the following equation. Express solutions rounded to the nearest hundredth.0.37x3 - 5.72x2 + 5.23x + 8.25 = 0
A. {0.81, -1.91, 14.36} B. {-0.82, 8.25, 1.91} C. {-0.81, 1.91, 14.37} D. {0.82, -8.25, -1.91}