Ask your own question, for FREE!
Mathematics 23 Online
OpenStudy (anonymous):

George invests $20,000.00 in a savings account which pays 7% compounded continuously. Consider the following formula, where A is the ending account balance after t years, P is the initial amount of money invested, and r is the interest rate.A = P(2.71)How much money would he have in his savings account after 3 years?

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!