SOLUTION: if $10,000 is deposited in an account that pays 6% compounded continously, how much will be in the account in 12 years (to the nearest penny).

Algebra ->  Finance -> SOLUTION: if $10,000 is deposited in an account that pays 6% compounded continously, how much will be in the account in 12 years (to the nearest penny).      Log On


   



Question 283017: if $10,000 is deposited in an account that pays 6% compounded continously, how much will be in the account in 12 years (to the nearest penny).
Answer by Greenfinch(383) About Me  (Show Source):
You can put this solution on YOUR website!
10000 x(1.06)^12 = 20121.96