Solve the problem. Round your answer to three decimals.How long will it take for an investment to triple in value if it earns 10.25% compounded continuously?
A. 11.314 years
B. 10.718 years
C. 5.359 years
D. 6.762 years
Answer: B
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Solve the problem.For what type of computation are the actuarial method and the rule of 78s used? Which technique requires the use of an APR table?
What will be an ideal response?
Eleni, who is now 55 years old, is employed by a firm that guarantees her a pension of $90,000/year at age 70. What is the present value of her first year's pension if inflation over the next 15 year(s) is at the given rate. Assume that inflation is continuously compounded. Round your answer to the nearest cent. ? 6% _________ ? 9% _________ ? 18% _________ ?
A. $64,219.68, $71,866.46, $6,048.50 B. $36,591.27, $23,331.62, $6,048.50 C. $57,386.53, $64,219.68, $6,048.50 D. $57,386.53, $64,219.68, $71,866.46
Answer the question.A retailer finds that total costs per day are given by c = 144
+ 36, where c is cost and n is units sold. What is c when no units are sold?
A. $36 B. $864 C. $180 D. $72
Solve the problem.Find a company's total-cost function if its marginal cost function is C'(x) = 5x2 - 7x + 4 and C(6) = 260.
A. C(x) = 
x3 - 
x2 + 4x - 260
B. C(x) = 
x3 - 
x2 + 4x + 260
C. C(x) = 
x3 - 
x2 + 4x - 2
D. C(x) = 
x3 - 
x2 + 4x + 2