Find the balance in an account at the end of 8 years if $6000 is invested at an interest rate of 4.2% that is compounded continu ously.
1 answer:
Answer:
$8016.00
Step-by-step explanation:
I = 6000 × 0.042 × 8 = 2016
I = $ 2,016.00
$2,016.00 + $6,000.00 = 8,016.00
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