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?

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asked Nov 24, 2021 148k views

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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

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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

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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

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