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Question 9 (1 point) Saved Provide an appropriate response. If an investment of $20,000 earns interest at an annual rate of 9% compounded continuously, then the value (in dollars) of the investment six years from now is 20,000(1.09)6 0.54 20,000 20,000e0.54 20,000e 0.54 20,000(1.09)-6 Question 8 (1 point) Provide an appropriate response. Suppose a person invests $20,000 in a business venture that guarantees the same cash flow at the end of every quarter for four years. If the investment earns interest at the rate of 16% compounded quarterly, then each cash flow is $1917.39. $916.40. $2341.23. $1716.40. $1527.52.

Question 9 (1 point) Saved Provide an appropriate response. If an investment of $20,000 earns interest at an annual rate of 9% compounded continuously, then the value (in dollars) of the investment six years from now is 20,000(1.09)6 0.54 20,000 20,000e0.54 20,000e 0.54 20,000(1.09)-6 Question 8 (1 point) Provide an appropriate response. Suppose a person invests $20,000 in a business venture that guarantees the same cash flow at the end of every quarter for four years. If the investment earns interest at the rate of 16% compounded quarterly, then each cash flow is $1917.39. $916.40. $2341.23. $1716.40. $1527.52.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 35PT
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Question 9 (1 point) Saved Provide an appropriate response. If an investment of $20,000 earns interest at an annual rate of 9% compounded continuously, then the value (in dollars) of the investment six years from now is 20,000(1.09)6 0.54 20,000 20,000e0.54 20,000e 0.54 20,000(1.09)-6
Transcribed Image Text:Question 9 (1 point) Saved Provide an appropriate response. If an investment of $20,000 earns interest at an annual rate of 9% compounded continuously, then the value (in dollars) of the investment six years from now is 20,000(1.09)6 0.54 20,000 20,000e0.54 20,000e 0.54 20,000(1.09)-6
Question 8 (1 point) Provide an appropriate response. Suppose a person invests $20,000 in a business venture that guarantees the same cash flow at the end of every quarter for four years. If the investment earns interest at the rate of 16% compounded quarterly, then each cash flow is $1917.39. $916.40. $2341.23. $1716.40. $1527.52.
Transcribed Image Text:Question 8 (1 point) Provide an appropriate response. Suppose a person invests $20,000 in a business venture that guarantees the same cash flow at the end of every quarter for four years. If the investment earns interest at the rate of 16% compounded quarterly, then each cash flow is $1917.39. $916.40. $2341.23. $1716.40. $1527.52.
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