Solve the problem.Larry has $2200 to invest and needs $2700 in 12 years. What annual rate of return will he need to get in order to accomplish his goal, if interest is compounded continuously? (Round your answer to two decimals.)
A. 1.71%
B. 2.49%
C. 1.49%
D. 3.49%
Answer: A
You might also like to view...
Evaluate the expression.
-3
A. 
B. - 
C. 
D. - 
Solve the equation.(y - 5) - (y + 4) = 8y
A. - 
B. - 
C. - 
D. - 
Find the mode for each data set.5, 9, 44, 3, 2, 8, 87, 1, 4, 16
A. No mode B. 9 C. 17.3 D. 8
Which situation comes closest to the signal-in-noise interpretation of average?
a. John has 8 action figures. Tammy has 12. John has 10. Pam has 11. Summarize the number of action figures per person using one number. b. When a stock fell during the recession, a group of 20 investors lost a total of $20,000. What is each investor's fair share of the loss? c. The grades for Ms. Jones' class on the last exam were: 50, 68, 89, 100, 56, 72, 59, 88, 74, 76, 82. What was the typical score for a student in her class? d. A scale was used to weigh a fish. Because the fish flipped around while being weighed, the scale gave a different reading each time it was used: 6.4, 5.7, 8.2, 6.2, 6.5, 6.0, 6.2. Estimate the actual weight of the fish.