SOLUTION: Suzy has $5000 which she invests in an annuity which yields 6.2% continuously. How much will Suzy have after 8 years?
A = $____
Algebra.Com
Question 1101082: Suzy has $5000 which she invests in an annuity which yields 6.2% continuously. How much will Suzy have after 8 years?
A = $____
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
5000e^(0.062*8) = 8210.70
RELATED QUESTIONS
Wendy has $10,000 in her savings. She is going to invest part of the money in a stock... (answered by greenestamps)
if you invest 5000 in an account which pays 6% p.a interest, how much will you have after (answered by harpazo)
Karen is going to deposits $5000 into an account that pays 6% interest compounded... (answered by rfer)
Simone invests $1000 at 8% compounded continuously. How much does she have after 5... (answered by ewatrrr)
Luke invests $4000 in a mutual fund which yields 5% annually. How much will Luke have in... (answered by addingup)
Josef is 1/7 as old as Suzy. In 21 years, Josef's age will be 17 years more than 1/6 of... (answered by hemu_da)
kimi invests $4000 at 3% interest compounded continuously. how much money will she have... (answered by ikleyn)
Maria deposited $1200 in an account that paid 6 1/2 percent interest compounded... (answered by stanbon)
Suppose you invest $50 a month in an annuity that earns 48% APR compounded monthly. How... (answered by addingup)