janellehenderso janellehenderso
  • 20-03-2017
  • Mathematics
contestada

If you put $1,500 in a savings account that pays 4% interest compounded continuously, how much money will you have in your account in 5 years? Assume you make no additional deposits or withdrawals.

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 20-03-2017
A=pe^rt
A=1,500×e^(0.04×5)
A=1,832.10
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dakota236
dakota236 dakota236
  • 20-03-2017
assuming its monthly interest then you will have 3600 dollars over the course of five years
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