Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Get quick and reliable solutions to your questions from a community of experienced experts on our platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

GIVING 15 PTS HELP PLEASEEEEE

GIVING 15 PTS HELP PLEASEEEEE class=

Sagot :

9514 1404 393

Answer:

  $2352

Step-by-step explanation:

The second formula applies for continuous compounding. You have ...

  P = $1500, r = 0.0225, t = 20

Then ...

  A = $1500e^(0.0225·20) ≈ $2352

Ted will have $2352 after 20 years.