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If you were to place $2,500 in a savings account that pays 3% interest compounded continuously, how much money will you have after 5 years? Assume you make no other deposits or withdrawals.
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If you were to place $2,500 in a savings account that pays 3% interest

compounded continuously, how much money will you have after 5 years?
Assume you make no other deposits or withdrawals.

User Stone
by
4.6k points

1 Answer

3 votes

Answer:

$2904.59

Step by Step Explanation:

User JeremyK
by
5.0k points
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