Diego deposited a certain sum of money in a bank 4 years ago. If the bank had been paying interest at the rate of 6% compounded continuously and he has $13,000 on deposit today, what was his initial deposit?

$10,226.16

Explanation:

The equation that describes the future value (F) of an initial value (P), compounded continuously at a rate 'r' for a period of 'n' years is:

If the value after 4 years at a rate of 6% is $13,000, the initial deposit is:

His initial deposit was $10,226.16.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

b is the correct answer