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6) Suppose you deposit $6000 in a savings account that pays interest at an annual rate of 4% compounded

continuously. How many years will it take for the balance in your savings account to reach $8000? Round
your answer up to the nearest number of years.

User Proxy
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1 Answer

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17 votes

Answer:

7 years

Explanation:

6) Suppose you deposit $6000 in a savings account that pays interest at an annual-example-1
6) Suppose you deposit $6000 in a savings account that pays interest at an annual-example-2
User Qwarentine
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