Asked by Ddog
Suppose that you invest $6,000 at 2% interest compounded continu-
ously. How much money will be in your account in 5 years?
ously. How much money will be in your account in 5 years?
Answers
Answered by
Reiny
amount = 6000 e^(5(.02))
= 6000 e^.1
= ...
= 6000 e^.1
= ...
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