Register

You deposit $5000 in an account earning 5% interest compounded continuously. How much will you have in the account in 5 years? Round to the nearest cent.

You deposit $5000 in an account earning 5% interest compounded continuously. How much will you have in the account in 5 years? Round to the nearest cent.
18.0k views
3 votes
You deposit $5000 in an account earning 5% interest compounded continuously. How much will you have in the account in 5 years? Round to the nearest cent.

User Blogofsongs
by
7.5k points

1 Answer

4 votes
You will have 6,381.396 over 5 years
User Paxmees
by
8.1k points
← Prev Question Next Question →

No related questions found

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

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!