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djyliett [7]
4 years ago
12

suppose you invest $5000 at an annual interest rate of 6.9%, compounded monthly. how much will you have in the account after 10

years?
Mathematics
1 answer:
worty [1.4K]4 years ago
8 0
Hey :)

Compounded continuously: 

<span>5000 * e^(10*(6.9/100)) = 9968.58 </span>

<span>Difference to the answer above is: </span>

<span>9948.90 - 9968.58 = 19.68
</span>
The answer is $19.68

Hope this helps!
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