Logan invested $180 in an account paying an interest rate of 2.6% compounded continuously. Assuming no deposits or withdrawals a
1 answer:
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Answer:
d. $10,234.80
Step-by-step explanation:
we are given
The equipment will cost $26,000
so, Amount is $26000
A=26000
should be invested today at 12%
r=12%=0.12
It is compounded semiannually
so, n=2
t=8
now, we can use formula
now, we can plug values
now, we can solve for P