SOLUTION: Suppose that $4000 is invested at an interest rate of 5.5% per year, compounded continuously. What is the balance after 8 years?

SOLUTION: Suppose that $4000 is invested at an interest rate of 5.5% per year, compounded continuously. What is the balance after 8 years?

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Question 326922: Suppose that $4000 is invested at an interest rate of 5.5% per year, compounded continuously. What is the balance after 8 years?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

I'll leave you alone to spend some quality time with your calculator.

John

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