Isaac invested $77,000 in an account paying an interest rate of 4.6% compounded continuously. Assuming no deposits or withdrawal

Question

3 years ago

5

s are made, how much money, to the nearest cent, would be in the account after 12 years?

2 answers:

Lady bird [3.3K] · Answer 1 · 2022-10-06T20:40:02+03:00

8 0

Answer:

133,727.67

Step-by-step explanation:

the other one is wrong

also have a nice day

zlopas [31] · Answer 2 · 2022-10-06T18:31:15+03:00

3 0

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