Question Jim invested $750 in a 3-year CD that earns 4.2% annual interest that is compounded continuously. How much will the CD be worth at the end of the 3-year term? Round to the nearest cent, and do not include the dollar sign in your answer.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.8: Transforming Exponential Expressions
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CURRENT OBJECTIVE
Use the continuously compounding interest formula
Question
Jim invested $750 in a 3-year CD that earns 4.2% annual interest that is compounded continuously.
How much will the CD be worth at the end of the 3-year term?
Round to the nearest cent, and do not include the dollar sign in your answer.
Sorry, that's incorrect. Try again?
850.52
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Transcribed Image Text:nterest CURRENT OBJECTIVE Use the continuously compounding interest formula Question Jim invested $750 in a 3-year CD that earns 4.2% annual interest that is compounded continuously. How much will the CD be worth at the end of the 3-year term? Round to the nearest cent, and do not include the dollar sign in your answer. Sorry, that's incorrect. Try again? 850.52 B FEEDBACK VIEW ANSWER SUBMIT Content attribution
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