15. John deposits $4,700 at 5.03% interest, compounded continuously for five years. What is his ending balance? How much interest did the account earn? Use the compounding continuously formula B = Pe^(rt

asked Feb 21, 2023 189k views

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What is his ending balance?

B =
Pe^(rt) =
4700e^((.0503.5)) = $6043.98

How much interest did the account earn?

$1343.98

Msg answered Feb 26, 2023

by Msg

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