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Provide an Appropriate Response

Question 13

Multiple Choice

Provide an appropriate response.
-A man with $9000 to invest puts the money into an account that earns 8% compounded continuously.Graph the corresponding present value function and calculate the number of years before the $9000 will be due in order for its present value to be $7000.Use the formula P = Ae-rt. Provide an appropriate response. -A man with $9000 to invest puts the money into an account that earns 8% compounded continuously.Graph the corresponding present value function and calculate the number of years before the $9000 will be due in order for its present value to be $7000.Use the formula P = Ae-rt. A) 3.14 years B) 6.28 years C) 7.45 years D) 0.84 years


A) Provide an appropriate response. -A man with $9000 to invest puts the money into an account that earns 8% compounded continuously.Graph the corresponding present value function and calculate the number of years before the $9000 will be due in order for its present value to be $7000.Use the formula P = Ae-rt. A) 3.14 years B) 6.28 years C) 7.45 years D) 0.84 years 3.14 years
B) Provide an appropriate response. -A man with $9000 to invest puts the money into an account that earns 8% compounded continuously.Graph the corresponding present value function and calculate the number of years before the $9000 will be due in order for its present value to be $7000.Use the formula P = Ae-rt. A) 3.14 years B) 6.28 years C) 7.45 years D) 0.84 years 6.28 years
C) Provide an appropriate response. -A man with $9000 to invest puts the money into an account that earns 8% compounded continuously.Graph the corresponding present value function and calculate the number of years before the $9000 will be due in order for its present value to be $7000.Use the formula P = Ae-rt. A) 3.14 years B) 6.28 years C) 7.45 years D) 0.84 years 7.45 years
D) Provide an appropriate response. -A man with $9000 to invest puts the money into an account that earns 8% compounded continuously.Graph the corresponding present value function and calculate the number of years before the $9000 will be due in order for its present value to be $7000.Use the formula P = Ae-rt. A) 3.14 years B) 6.28 years C) 7.45 years D) 0.84 years 0.84 years

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