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OpenStudy (anonymous):
if you deposit $1,000 in an account that pays 6% annual interest compounded continuously, what will the balance be after 5 years A 1,932.06 B 1,349.86 C 29,803.91 D 1,232.06
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OpenStudy (campbell_st):
A = p(1+r/100)^n so A = 1000(1+6/100)^5 A is the future value... I'll leave it to you to calculate
OpenStudy (anonymous):
i think this formula is applicable |dw:1330674349718:dw| considering that it's compounded continously. .
OpenStudy (anonymous):
what would be e
OpenStudy (anonymous):
do you have scientific calculator?
OpenStudy (anonymous):
yes
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OpenStudy (anonymous):
plug this in your calculator. .
OpenStudy (anonymous):
|dw:1330674527087:dw|
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