vimlndz422
contestada

suppose you invest $5000 at an annual interest rate of 6.9%, compounded monthly. how much will you have in the account after 10 years?

Respuesta :

ijohnh14
Hey :)

Compounded continuously: 

5000 * e^(10*(6.9/100)) = 9968.58 

Difference to the answer above is: 

9948.90 - 9968.58 = 19.68

The answer is $19.68

Hope this helps!

Otras preguntas