Aaliyah invested $550 in an account paying interest rate of 4% compounded constantly assuming no deposits or withdrawals are made how much money to the nearest cent would be in the account after 20 years

asked Apr 27, 2022 194k views

2 votes

by Nabir

4.6k points

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3 votes

Answer:

1224.05

Explanation:

formula:

PV(e^(it))

550*e^(.04*20)=1224.0475 which rounds to 1224.05

Lucie Kulza answered May 4, 2022

4.2k points

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