You deposit $5000 in an account earning 2% interest compounded continuously. How much will you have in the account in 10 years?

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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You deposit $5000 in an account earning 2% interest
compounded continuously. How much will you have in the
account in 10 years?
Transcribed Image Text:You deposit $5000 in an account earning 2% interest compounded continuously. How much will you have in the account in 10 years?
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