subject
Mathematics, 18.01.2021 19:20 babycakez3500

A certain gentleman acquired 54 gold bonds issued by the Weimar Republic in 1934. The value of each was 2500 troy ounces of gold. The bonds matured in 1954, at which time the value of each was 2500 troy ounces of gold at 1954 prices. The price of gold at that time was around $350 per troy ounce. The bonds could not be redeemed because in 1954 there was no single German country—it had been divided into two nations. But provisions of the bond stated that from 1954 onward the unredeemed bonds grew in value according to the exponential formula Value = Initial value × 1.00019365t,
where t is the number of years since 1954.

What was the total value of this man's 54 bonds in 2019? Give your answer in billions of dollars rounded to two decimal places.

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 20.06.2019 18:04
Will mark brainliest question in the pic.
Answers: 1
question
Mathematics, 21.06.2019 17:30
Asailor is looking at a kite. if he is looking at the kite at an angle of elevation of 36and the distance from the boat to the point where the kite is directly overhead is 40 feet, how high is the kite?
Answers: 1
question
Mathematics, 21.06.2019 23:30
Alex's monthly take home pay is $2,500. what is the maximum bad debt payment he can maintain without being in credit overload?
Answers: 2
question
Mathematics, 22.06.2019 06:30
On a piece of paper graph y=2x+2 then determine which answer choice matches the graph you drew use the graph to find the x-intercept of the line select the answer choice that shows the correct graph and correct x-intercept
Answers: 3
You know the right answer?
A certain gentleman acquired 54 gold bonds issued by the Weimar Republic in 1934. The value of each...
Questions
question
Mathematics, 05.12.2019 05:31
Questions on the website: 13722363