Camila invested $9,100 in an account paying an interest rate of 4.6% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account

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asked Oct 10, 2021 149k views

2 votes

Camila invested $9,100 in an account paying an interest rate of 4.6%

compounded continuously. Assuming no deposits or withdrawals are made,
how much money, to the nearest dollar, would be in the account after 14
years?

Mathematics
middle-school

TaoPR asked

by TaoPR

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2 Answers

2 votes

Answer:

17327

Explanation:

I just did it on my own and it's correct

Brgerner answered Oct 12, 2021

by Brgerner

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5 votes

Answer:

17327

Explanation:

9,100 x [e^0.046x14]

You will get 17327.14615, round it to nearest dollar and get 17327.

JohnTheBeloved answered Oct 17, 2021

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2 Answers

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