Answered: 1) Gabriella invests $4,114 in a…

1) Gabriella invests $4,114 in a retirement account with a fixed annual interest rate of 4.87% compounded continuously. What will the account bal ance be after 14 years? A=$

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 1PROB

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Not use excel

1) Gabriella invests $4,114 in a retirement
account with a fixed annual interest rate of
4.87% compounded continuously. What
will the account bal ance be after 14 years?
A=$

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