A freshman in high school has saved $8000 for college. What will this investment be worth in 4 years if the account the money was placed in earns 5.2% interest compounded continuously?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Nov 24, 2021 148k views

3 votes

A freshman in high school has saved $8000 for college. What will this investment be worth in 4 years if the account the money was placed in earns 5.2% interest compounded continuously?

Mathematics
college

Marlon Bernardes asked

by Marlon Bernardes

7.1k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

4 votes

Answer:

Hopes this helps

Explanation:

A freshman in high school has saved $8000 for college. What will this investment be-example-1

Thys Andries Michels answered Nov 25, 2021

by Thys Andries Michels

7.7k points

0 Comments

Please log in or register to add a comment.

5 votes

Answer:

If compounding annually, the student will need to put $6,208.85 into the account.

Explanation:

Alexey Biryukov answered Nov 29, 2021

by Alexey Biryukov

7.9k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.8m questions

11.4m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

0 Comments

Please log in or register to add a comment.

0 Comments

Please log in or register to add a comment.

Other Questions