What annual interest rate will ensure that $7,000 will grow to $7,500 if it is invested for 4 years with interest compounded continuously? Round your answer to two decimal places.
What will be an ideal response?
1.72%
You might also like to view...
Find the extreme values of the function subject to the given constraint.
A. Minimum: 4 at (0, ±1); maximum: 7 at (±1, 0) B. Minimum: 4 at (0, ±1); maximum: 0 at (0, 0) C. Minimum: 4 at (±1, 0); maximum: 7 at (0, ±1) D. Minimum: 4 at (±1, 0); maximum: 0 at (0, 0)
Provide an appropriate response.Rewrite the following equations in slope-intercept form; then find the slope and y-intercept: 2x - y = 6
What will be an ideal response?
Graph the polynomial function. f(x) = 7x - x3 - x5
A. 
B. 
C. 
D. 
Use properties of logarithms to expand the logarithmic expression as much as possible. Where possible, evaluate logarithmic expressions without using a calculator.ln
A. 6 + ln 11 B. ln e6 - ln 11 C. 6 - ln 11 D. ln e6 + ln 11