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MeiTekeijustcelebratedher22ndbirthday.Whensheis27 shewillreceivea

2020-11-11 01:40:34 问答库 阅读

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MeiTekeijustcelebratedher22ndbirthday.Whensheis27,shewillreceivea$100,000inheritance.Tekeineedsfundsforthedownpaymentonaco-opinManhattanandhasfoundabankthatwillgiveherthepresentvalueofherinheritanceamount,assumingan8.0%statedannualinterestratewithcontinuouscompounding.Willtheproceedsfromthebankbesufficienttocoverherdownpaymentof$65,000?
A)Yes,Tekeiwillreceive$68,058.
B)No,Tekeiwillonlyreceive$49,182.
C)No,Tekeiwillonlyreceive$61,878.
D)Yes,Tekeiwillreceive$67,028.

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