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Abigail invested $29,000 in an account paying an interest rate of 2. 1% compounded continuously. Assuming no deposits or withdrawals are made, how much money to the nearest doll…

Abigail invested $29,000 in an account paying an interest rate of 2. 1% compounded continuously. Assuming no deposits or withdrawals are made, how much money to the nearest doll…
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Abigail invested $29,000 in an account paying an interest rate of 2. 1% compounded continuously. Assuming no deposits or withdrawals are made, how much money to the nearest dollar, would be in the account after 8 years?

User Massi
by
7.8k points

1 Answer

3 votes

Answer:

$34,305

Explanation:


a = 29000 {e}^(.021 * 8) = 34305

User Ultranuke
by
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