Answered: A principal amount of $830 is placed in…

A principal amount of $830 is placed in a savings account with an annual interest rate of 3.72% compounded continuously. What is the total account balance after 26 years?

Elementary Geometry For College Students, 7e

7th Edition

ISBN:9781337614085

Author:Alexander, Daniel C.; Koeberlein, Geralyn M.

Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.

ChapterA: Appendix

SectionA.3: Inequalities

Problem 11E

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Question

A principal amount of $830 is placed in a savings account with an annual interest rate of 3.72% compounded continuously. What is the total account balance after 26 years?