Question

Suppose $5000 is invested at 5.25% annual interest, compounded continually.

What will be the
amount in the account in 7 years if no money is withdrawn?

$2609.00
$7220.60
$5000.00
$5269.51

Answer 1

the amount in the account is $50000.00

Answer 2

I am sure that it is $7220.60

Explanation:

If you invested in 5000 you would have that much in your account to withdraw

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