SOLUTION: $5000 is invested at 4.75% compounded continuously. How much money is in the account after 4 years?

Algebra.Com
Question 805417: $5000 is invested at 4.75% compounded continuously. How much money is in the account after 4 years?

Answer by erica65404(394)   (Show Source): You can put this solution on YOUR website!
For investments compounded continuously you would use the equation




RELATED QUESTIONS

If $5000 is invested in a savings account that pays 7.85% interest compounded... (answered by Mathtut)
If $5000 is invested in a savings account that pays 7.85% interest compounded... (answered by Paul)
If $5000 is invested at 7% compounded continuously, what is the amount after 4... (answered by ikleyn)
suppose 5000 is put into an account that pays 4% compounded continuously. How much willbe (answered by reviewermath)
Suppose that $80000 is invested at 9% interest per year. Find the amount of money in the... (answered by lynnlo)
If $8000 is invested in an account that pays 4% interest compounded continuously, how... (answered by Lapric)
suppose that 5000 is invested at 3.5 interest, compounded quarterly find the money in the (answered by nerdybill)
How much money would be in an account if $ 3,000 is deposited at 4% interest compounded... (answered by stanbon)
$11,000 is invested at 6% compounded annually. How much money is in the account after 3... (answered by ewatrrr)