At the end of each month, for 24 months, $500 is put into an account paying 9% annual interest compounded continuously. Find the future value of this account. Round your answer to the nearest cent.

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04-07-2024
Mathematics

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At the end of each month, for 24 months, $500 is put into an account paying 9% annual interest compounded continuously. Find the future value of this account. Round your answer to the nearest cent.

Sagot :

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At the end of each month, for 24 months, $500 is put into an account paying 9% annual interest compounded continuously. Find the future value of this account. Round your answer to the nearest cent.

Sagot :

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