SOLUTION: A=Pe^rt calculate the balance of your account after three years. Round.the answer to the nearest hundredth. Situation you invest 4400 in the account that pays an interest rate of
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Question 975727: A=Pe^rt calculate the balance of your account after three years. Round.the answer to the nearest hundredth. Situation you invest 4400 in the account that pays an interest rate of 6.5%, compounded continuously. Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! A=Pe^rt calculate the balance of your account after three years. Round.the answer to the nearest hundredth. Situation you invest 4400 in the account that pays an interest rate of 6.5%, compounded continuously.
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A(3) = 4400*e^(0.065*3) = $5347.37
Cheers,
Stan H.
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