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If you were to place $5,000 in a savings account that pays 6% interest compounded continuously, how much money will you have after 4 years? Assume you make no other deposits or …

If you were to place $5,000 in a savings account that pays 6% interest compounded continuously, how much money will you have after 4 years? Assume you make no other deposits or …
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If you were to place $5,000 in a savings account that pays 6% interest compounded continuously, how much money will you have after 4 years? Assume you make no other deposits or withdrawals.

A.) $11,821.07
B.)$5,024
C.)$6,312.38
D.)$6,356.25

User David Furlong
by
7.6k points

1 Answer

2 votes

Answer: D

Step-by-step explanation: Use money chip calculator

User Carlos Toledo
by
8.3k points
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