andreabrann94ovttb6 andreabrann94ovttb6
  • 15-09-2017
  • Mathematics
contestada

if you deposit $1000 in an account that pays 6% annual interest compounded continuously, what will the balance be after five years?

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Аноним Аноним
  • 15-09-2017
The formula is  

B = 1000e^(yr)     where y = 5 years and r = 0.06 ( = 6%)

so answer is 1000e^(5*0.06)  = $1349.86
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