SOLUTION: if $10,000 is deposited in an account that pays 6% compounded continously, how much will be in the account in 12 years (to the nearest penny).

SOLUTION: if $10,000 is deposited in an account that pays 6% compounded continously, how much will be in the account in 12 years (to the nearest penny).

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Question 283017: if $10,000 is deposited in an account that pays 6% compounded continously, how much will be in the account in 12 years (to the nearest penny).
Answer by Greenfinch(383) (Show Source): You can put this solution on YOUR website!
10000 x(1.06)^12 = 20121.96
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