SOLUTION: I need to Find the accumulated amount after 8 yr if $4200 is invested at 5%/year compounded continuously. (Rounding the answer to the nearest cent.)
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I have tried many ways with
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Question 671339: I need to Find the accumulated amount after 8 yr if $4200 is invested at 5%/year compounded continuously. (Rounding the answer to the nearest cent.)
I have tried many ways with different interest formulas and I cannot get the correct answer. Please help me as I am very stressed at this point. Answer by solver91311(24713) (Show Source):
