alybixby alybixby

22-04-2020
Mathematics

contestada

If $3000 is deposited into an account paying a nominal interest rate of 7% per year, how much is in the account 5 years later of interest is compounded continuously

Respuesta :

Sally2020 Sally2020

27-04-2020

Answer:

$4207.66

Step-by-step explanation:

FV=PV(1+i)^n

FV=3000(1+0.07)^5

FV=$4207.66

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