Answered

Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Get immediate and reliable answers to your questions from a community of experienced professionals on our platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Suppose a young graduate is depositing money into a bank account continuously at the rate of about $5, 000 per year, and the account earns interest of 4% annually (compounded continuously). To start with let's say they have $18,000 in the account. Assuming they don't make any withdrawals, how much money is in the account after six years?
In this case the change in money has two contributions:
A. Tax refunds
B. The savings that are added
C. The interest earned
D. Donations to charity

Sagot :

Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.