SOLUTION: you deposit $1000 in an account that pays 6% annual interest compounded continuously. find the balance at the end of 2 years.

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Question 306067: you deposit $1000 in an account that pays 6% annual interest compounded continuously. find the balance at the end of 2 years.
Answer by rfer(12657) About Me  (Show Source):
You can put this solution on YOUR website!
A=Pe^rt
A=1000(2.7183)^.06*2
A=1000(1.12749)
A=$1127.50