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2 years ago

14

Find the future sum of a present value of $2,000 deposited in a bank at 5% interested for 8 years, compounded continuously (F=Pe

rt). Round answer to the nearest dollar. Use 2.718 for e.
I'll give a brainliest

1 answer:

tatiyna2 years ago

3 0

Answer:

$2983.65

Step-by-step explanation:

A = $2000 $e^{8*.05}$ =

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We're told that

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We make use of the addition rule and complementary probabilities to rewrite this as

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