Question
Asked Feb 23, 2019
706 views
Myra invested $10,000 in an account earning a nominal 8% per year compounded continuously. How much was in the account at the end of one year? Round the answer to the nearest dollar.

Select the correct answer below:

 
10,833
 
10,733
 
10,633
 
10,533
 
10,433
 
10,333
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Expert Answer

Step 1

We have to find accumulated value at the end of one year,we have given information :

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Step 2

We will use following formula to find accu...

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Tagged in

Math

Calculus

Functions