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1. If you deposit $4350 at 2.32% interest, compounded continuously, what would your ending balance be to the nearest cent after 6 years?

1. If you deposit $4350 at 2.32% interest, compounded continuously, what would your ending balance be to the nearest cent after 6 years?
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1. If you deposit $4350 at 2.32% interest, compounded continuously, what would your ending

balance be to the nearest cent after 6 years?

asked
User Christopher Currie
by
8.6k points

1 Answer

0 votes

Answer:

$4999.69

Explanation:

F = Pe^(rt)

F = $4350 * e^(0.0232 * 6)

F = $4999.69

answered
User Soufrk
by
8.4k points
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