6) If $525 is invested at an annual rate of 5% compounded continuously, what is the amount in the account after 23 years? Plz help?

Ehxor asked Sep 7, 2023

83,507 views

17 votes

6) If $525 is invested at an annual rate of 5% compounded continuously,

what is the amount in the account after 23 years?

Plz help?

Ehxor asked Sep 7, 2023

by Ehxor

3.2k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

16 votes

Answer:

$1658.05

Explanation:

use formula given above

Andrew Keller answered Sep 12, 2023

2.6k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers