stephanie invests $3,991 in a retirement account with a fixed annual interest rate of 6% compound continuously. What will the ac
count balance be after 13 years?
1 answer:
Answer:
7103.98
Step-by-step explanation:
1) 3991 × 6% = 239.46 intrest rate of a year
2) 239.46 × 13 = 3112.98 intrest rate of 6% for 13yrs
3) 3991 + 3112.98 = 7103.98 Stephanie account balance after 13 yrs
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