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If $2,500 is invested at 12% annual interest, which is compounded continuously, what is the account balance after 3 years, assuming no additional deposits or withdrawals are mad…

If $2,500 is invested at 12% annual interest, which is compounded continuously, what is the account balance after 3 years, assuming no additional deposits or withdrawals are mad…
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1 vote
If $2,500 is invested at 12% annual interest, which is compounded continuously, what is the account balance after 3 years, assuming no additional deposits or withdrawals are made?

User Dmytro Bogatov
by
8.5k points

1 Answer

3 votes

Answer: 3,583.32

Explanation:

Use money chimp calculator

User Thyag
by
7.6k points
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