Solve the problem.Cindy will require $20,000 in 3 years to return to college to get an MBA degree. How much money should she ask her parents for now so that, if she invests it at
compounded continuously, she will have enough for school? (Round your answer to the nearest dollar.)
A. $14,816
B. $15,026
C. $10,976
D. $26,997
Answer: A
You might also like to view...
Solve the problem.Assume that the profit P made when t units are sold, t > 0, is given by P(t) = t2 - 23t + 132. For what values of t will there be a loss (that is, P < 0)?
A. There will be a loss when 0 units are sold. B. There will be a loss when 11 or 12 units are sold. C. There will be a loss when the number of units sold is between, but not including, 11 and 12. D. There will be a loss when fewer than 11 or more than 12 units are sold.
Find a general term an for the geometric sequence.a1 = 4, r = 4
A. an= 4 + 12(n - 1) B. an = 4(4)n-1 C. an =4( 4)(n-1) D. an = 4n-1 + 3
Suppose 500 coins are tossed. Using the normal curve approximation to the binomial distribution, find the probability of the indicated results.251 heads or less
A. .552 B. .448 C. .536 D. .548
The following spinner is used to play a board game. Expressing your answer as a fraction in simplest form, what is the probability that the spinner will land on the specified place? Find the probability that the spinner points toward an odd number.
A.
B.
C.
D. 1