What is the compound interest if $46,000 is invested for 15 years at 8% compounded continuously? (Round your answer to the nearest cent.) %24

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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What is the compound interest if $46,000 is invested for 15 years at 8% compounded continuously? (Round your answer to the nearest cent.)
%24
Transcribed Image Text:What is the compound interest if $46,000 is invested for 15 years at 8% compounded continuously? (Round your answer to the nearest cent.) %24
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