Question

Complete the table to determine the balance A for $16,000 invested at rater - 2% for years, compounded continuously. (Round your answers to two decimal places.)

1
10
20
30
40
50
А
S
$
$
$
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Answer 1

16000.00

Explanation:

Based on the given conditions, formulate 16000 x 2.72^(6%x0)

Evaluate the equation/expression: 16000

Round the number: 16000.00

Answer:

16000.00