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If you deposit $1,000 in an account that pays 6% annual interest compounded continuously, what will the balance be after five years?
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If you deposit $1,000 in an account that pays 6% annual interest compounded

continuously, what will the balance be after five years?

If you deposit $1,000 in an account that pays 6% annual interest compounded continuously-example-1
User Kasperoo
by
8.1k points

2 Answers

5 votes

Answer:

It's $1,349.86

Explanation:

(trust me bro)

User Patzm
by
8.4k points
5 votes

Answer:

I think it's $1,349.86

User Dmitry Guyvoronsky
by
8.0k points
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