Question

If you were to place $5,000 in a savings account that pays 6% interest compounded continuously, how much money will you have after 4 years? Assume you make no other deposits or withdrawals.
A.) $11,821.07
B.)$5,024
C.)$6,312.38
D.)$6,356.25

Answer 1

Answer: D

Step-by-step explanation: Use money chip calculator