Isaac invested $77,000 in an account paying an interest rate of 4.6% compounded continuously. Assuming no deposits or withdrawal
s are made, how much money, to the nearest cent, would be in the account after 12 years?
2 answers:
Answer:
133,727.67
Step-by-step explanation:
the other one is wrong
also have a nice day
Answer:
132,090.30
Step-by-step explanation:
r = R/100
r = 4.6%/100
r = 0.046 per year,
A = P(1 + r/n)nt
A = 77,000.00(1 + 0.046/1)(1)(12)
A = $ 132,090.30
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