meyersjade68 meyersjade68
  • 18-11-2021
  • Mathematics
contestada

6. A private university has an endowment fund that currently has 27 million dollars in it. If it is invested in a one-
year CD that pays 6.21% interest compounded continuously, how much interest will it earn?

Respuesta :

lyndseymabutho12 lyndseymabutho12
  • 18-11-2021

Answer:

P (1+r÷100)^n

27000000(1+6.21 ÷ 100)^1

27000000.06

not sure about it though

Answer Link

Otras preguntas

Where are most faults located? And what is a fault in science terms?
How do you do y divided by 9=12?
why does the earth not lose its heat as quickly at night as the moon does?
one number is 6 more than another.  Their product is is 520.  Find the numbers
Where are most faults located? And what is a fault in science terms?
a population decrease from 404 million to 288 million .which of the following is the percent decrease of the population
What is 32 over 48 simplified and with what numbers
a population decrease from 404 million to 288 million .which of the following is the percent decrease of the population
how many stars are there in america's flag ?
one number is 6 more than another.  Their product is is 520.  Find the numbers