Examlex

Solved

Suppose That $500 Is Deposited in a Bank Certificate Paying

question 63

Short Answer

Suppose that $500 is deposited in a bank certificate paying 10% interest compounded continuously. How much will the certificate be worth after 5 years? Enter your answer in dollars to two decimal places (no symbols or words).


Definitions:

Ancestor

An organism from which others have descended.

Convergent Evolution

The process by which unrelated or distantly related organisms evolve similar body forms, coloration, organs, or adaptations, often due to similar environmental pressures.

Lepidodendron

An extinct genus of tree-like plants from the Carboniferous period, often referred to as "scale trees".

Oak-Yew Clade

A group within the Plantae kingdom that includes both the oak and yew families, representing an evolutionary lineage.

Related Questions