Suppose that $7,000 is invested at an interest rate of 6%, compounded continuously. Find the amount in the account after five ye
ars if no withdrawals are made
2 answers:
Answer:
9100
Step-by-step explanation:
I=Prt
I=7,000(.06)5
I=420(5)
I=2,100
2,100+7,000=9,100
9100 is the answer to this problem
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