SOLUTION: If $5000 is invested in a savings account that pays 7.85% interest compounded continuously, how much money will be in the account after 12 years?

SOLUTION: If $5000 is invested in a savings account that pays 7.85% interest compounded continuously, how much money will be in the account after 12 years?

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Question 194867: If $5000 is invested in a savings account that pays 7.85% interest compounded continuously, how much money will be in the account after 12 years?

Answer by Mathtut(3670) (Show Source): You can put this solution on YOUR website!

Fv-future value: P-principal: y=number of years: r-rate
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