SOLUTION: In you invest $7,500 in an account paying a 6.25% interest compounded continuoulsy, how much money will be in the account at the end of 15 years?
Thank you, Michelle
Algebra.Com
Question 48878: In you invest $7,500 in an account paying a 6.25% interest compounded continuoulsy, how much money will be in the account at the end of 15 years?
Thank you, Michelle
Answer by rajagopalan(174) (Show Source): You can put this solution on YOUR website!
p= 7500
n= 15
R= 6.25
A=p(1+r/100)^15=18620.67175
Say 18620.67.
OKay.
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