You invest $3000. How much would you have in an account that compounds continuously at 8.5% compared to one that compounds monthly at 8.5% after 10 years?A.$21B.$236C.$215D.$1,106 You invest $3000. How much would you have in an account that compoundscontinuously at 8.5% compared to one that compounds monthly at 8.5% after10 years?

r = Rate = 8.5% = 0.085 n = periods = 10 years e = 2.71828

Answered: You invest $3000. How much would you…

You invest $3000. How much would you have in an account that compounds continuously at 8.5% compared to one that compounds monthly at 8.5% after 10 years? A.$21 B.$236 C.$215 D.$1,106

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 9EB: If you invest $15,000 today, how much will you have in (for further instructions on future value in...

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You invest $3000. How much would you have in an account that compounds continuously at 8.5% compared to one that compounds monthly at 8.5% after 10 years? A.$21 B.$236 C.$215 D.$1,106

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