SOLUTION: find the amount in a continuously compounded account where the principal is $1500 at an annual interest rate of 4.5% for 4 years.
Algebra.Com
Question 945267: find the amount in a continuously compounded account where the principal is $1500 at an annual interest rate of 4.5% for 4 years.
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
find the amount in a continuously compounded account where the principal is $1500 at an annual interest rate of 4.5% for 4 years.
--------------
r = 0.045
t = 4
RELATED QUESTIONS
The amount of money in an account with continuously compounded interest is given by the... (answered by ikleyn,MathTherapy)
The amount of money in an account with continuously compounded interest is given by the... (answered by robertb)
The amount of money in an account with continuously compounded interest is given by the... (answered by drk,stanbon)
The amount of money in an account with continuously compounded interest is given by the... (answered by nerdybill)
The amount of money in an account with continuously compounded interest is given by the... (answered by richwmiller)
find the amount un a continuously compounded account for a principal of $1,000. at an... (answered by ewatrrr)
The problem is a word problem it goes like this...
You invest 2,000 dollars at an... (answered by stanbon)
The amount A in an account after t years of an initial principle P invested at an annual... (answered by stanbon)
THE AMOUNT A IN AN ACCOUNT AFTER t YEARS OF AN INITIAL PRINCIPLE P INVESTED AT AN ANNUAL... (answered by stanbon)