Find the present value P0 of the amount P due t years in the future and invested at interest rate k, compounded continuously.P = $10,000, t = 10 yr, k = 9%
A. $4106.46
B. $24,596.03
C. $9139.31
D. $4065.70
Answer: D
You might also like to view...
Use the information given in the figure.
How many are not in C?
A. 49 B. 45 C. 51 D. 52
Determine whether the given sequence is arithmetic, geometric, or neither. If the sequence is arithmetic, find the common difference; if it is geometric, find the common ratio.3, 5, 7, 11, 13, ...
A. Arithmetic; d = 4 B. Geometric; r = 2 C. Arithmetic; d = 2 D. Neither
Sketch the graph of the line by locating the second point with the rise-and-run method.Through (0, 4), m = -2
A. 
B. 
C. 
D. 
Solve the problem.A jet plane moving at constant speed travels 1000 miles with the wind and then 1200 miles against the wind. If the speed of the wind is 50 mph and the total flight takes 5 hours, find the speed of the plane.
A. 500 mph B. 100 mph C. 400 mph D. 450 mph