Find the future value P of the amount P0 invested for time period t at interest rate k, compounded continuously. P0 = $1,580,000, t = 15 yr, k = 3.1%

A. $1,942,724.78
B. $2,515,382.42
C. $199,563,907.55
D. $76,128,663.25


Answer: B

Mathematics

You might also like to view...

Solve.A clothing company sells jackets for $240 per jacket. The company's fixed costs are $5000 and the variable costs are $230 per jacket. Use a graph to determine the break-even point for production.

A. (1000, 240,000) B. (500, 240,000) C. (500, 120,000) D. (1000, 120,000)

Mathematics

Write the statement in symbolic form.p: Manuel is Carmen's brother.q: Carmen is Manuel's sister. Manuel is not Carmen's brother if and only if Carmen is not Manuel's sister.

A. p ? ~ q B. ~ p ? ~ q C. ~ p ? ~ q D. ~ p ? ~ q

Mathematics

Solve the problem.A bank gives three loans totaling $330,000 to a development company for the purchase of three business properties. The largest loan is $38,000 more than the sum of the other two. Find the amount of the largest loan.

A. $192,000 B. $184,000 C. $195,000 D. $180,000

Mathematics

Simplify the expression. Write your answer without negative exponents. Whenever an exponent is negative or zero, assume that the base is not zero.

A.
B.
C.
D.

Mathematics