An initial amount of $3500 is invested in an account at an interest rate of 4% per year, compounded continuously. Assuming that no
withdrawals are made, find the amount in the account after six years.
Do not round any intermediate computations, and round your answer to the nearest cent.

Question

08-06-2024
Mathematics

Answered

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An initial amount of $3500 is invested in an account at an interest rate of 4% per year, compounded continuously. Assuming that no
withdrawals are made, find the amount in the account after six years.
Do not round any intermediate computations, and round your answer to the nearest cent.

Sagot :

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An initial amount of $3500 is invested in an account at an interest rate of 4% per year, compounded continuously. Assuming that no withdrawals are made, find the amount in the account after six years. Do not round any intermediate computations, and round your answer to the nearest cent.

Sagot :

Other Questions

An initial amount of $3500 is invested in an account at an interest rate of 4% per year, compounded continuously. Assuming that no
withdrawals are made, find the amount in the account after six years.
Do not round any intermediate computations, and round your answer to the nearest cent.