SOLUTION: You deposit $4000 in an account earning 8% interest compounded continuously. How much money will you have in the account in 10 years? $= ___

SOLUTION: You deposit $4000 in an account earning 8% interest compounded continuously. How much money will you have in the account in 10 years? $= ____

Question 1153465: You deposit $4000 in an account earning 8% interest compounded continuously. How much money will you have in the account in 10 years?

$= ____
Answer by MathLover1(20850) (Show Source): You can put this solution on YOUR website!

If the interest is compounded continuously for years at a rate of per year, then the compounded amount is given by:

given:
$
% =
years

answer: $=

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