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Suppose you invest $9270 at an annual interest rate of 5.3% compounded continuously. How much will you have in the account after 34 years?
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Suppose you invest $9270 at an annual interest rate of 5.3% compounded continuously.

How much will you have in the account after 34 years?

User Florian Wendelborn
by
6.9k points

1 Answer

3 votes

Answer:

$54659.21

Explanation:

By using the formula of 9270 * (1.053)^34 I can find the annual compound interest.. I reccomend using a calculator.

User Dhanesh
by
8.1k points
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