Answered: Shaun deposits $3,000 into an account…

Shaun deposits $3,000 into an account that has an annual rate of 2.9% compounded continuously. How much is in the account after 2 years and 9 months? Round your answer to two decimal places

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 10PROB

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Shaun deposits $3,000 into an account that has an annual rate of 2.9% compounded continuously. How much is in the account after 2 years and 9 months? Round your answer to two decimal places

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