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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Vasilii Suricov asked Oct 20, 2023

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35 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?

Mathematics
high-school

Vasilii Suricov asked Oct 20, 2023

by Vasilii Suricov

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1 Answer

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

Explanation:

9% of 6693 x 18 = 10842.66

Funilrys answered Oct 26, 2023

by Funilrys

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