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2) Matt invests $6,693 in a retirement account with a fixed annual interest rate of 9% compounded continuously. What will the account balance be after 18 years?
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8 votes
2) Matt invests $6,693 in a retirement

account with a fixed annual interest rate of
9% compounded continuously. What will
the account balance be after 18 years?

User Zwiers
by
8.1k points

1 Answer

5 votes

I have no idea if this is correct but I think the answer is 10842.66

Explanation:

9% of 6693 x 18 = 10842.66

User Suryasankar
by
8.2k points
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