SOLUTION: How much money will there be in an account at the end of 5 years if $11000 is deposited at a 3.5% annual rate that is compounded continuously?
The amount after 5 years will be?
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Question 808098: How much money will there be in an account at the end of 5 years if $11000 is deposited at a 3.5% annual rate that is compounded continuously?
The amount after 5 years will be?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=11000(2.7183)^0.035*5
A=11000(2.7183)^0.175
A=11000(1.1912476)
A=$13,103.72
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