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

Step 1

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

Step 2

We will use following formula to find accu...

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