SOLUTION: Tyra invests $5300 in a new savings account which earns 4.5% annual interest, compounded continuously. What will be the value of her investment after 5 years? Round to the neares
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Question 1140463: Tyra invests $5300 in a new savings account which earns 4.5% annual interest, compounded continuously. What will be the value of her investment after 5 years? Round to the nearest cent.
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
this is P=Poe^rt
P=5300*e^.045*5 OR 5300e^0.25
=$6637.31
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