Nicholegreen811 Nicholegreen811

01-05-2019
Mathematics

contestada

$1250 is deposited in an account that pays 6.5% percent annual interest, compounded continuously. What is the balance after 8 years?

Respuesta :

laurenburrell laurenburrell

01-05-2019

Answer:

$1441.90

Step-by-step explanation:

Formula-

A = P (1 + r/n)^(nt)

A= 1250(1 + 8/1)^(1*.065)

Answer Link

oliviakurt123 oliviakurt123

19-03-2021

Answer:

2102.53

Step-by-step explanation:

1250e (0.065)8

Answer Link

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