SOLUTION: Suppose you invest $950 at an annual interest rate of 6.5% compounded continuously. How much will you have in the account after 10 years? Round the solution to the nearest dollar.

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Suppose you invest $950 at an annual interest rate of 6.5% compounded continuously. How much will you have in the account after 10 years? Round the solution to the nearest dollar.      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 696477: Suppose you invest $950 at an annual interest rate of 6.5% compounded continuously. How much will you have in the account after 10 years? Round the solution to the nearest dollar.
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=950(2.7183)^0.065*10
A=950(1.91555)
A=$1820