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QUESTION 2 1 POINT A stock broker allocated $100,000 to an account earning 4% per year compounded continuously. If no withdrawals are made, how much was in the account at the en…

QUESTION 2 1 POINT A stock broker allocated $100,000 to an account earning 4% per year compounded continuously. If no withdrawals are made, how much was in the account at the en…
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5 votes
QUESTION 2 1 POINT

A stock broker allocated $100,000 to an account earning 4% per year compounded continuously. If no withdrawals are
made, how much was in the account at the end of four years? Round the answer to nearest dollar.

User Ned Rockson
by
8.0k points

1 Answer

3 votes

Answer: 16,000

100,000 x 0.04 x 4

p x I x T.

User Pelle Nilsson
by
7.9k points
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