asked 7.1k views
3 votes
Stan borrows $5,500 at a rate of 12% interest per year. What is the amount due at the end of 5 years if the interest is compounded continuously? In your final answer, include your calculations.

asked
User Twinsen
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7.8k points

1 Answer

5 votes

Answer:

If Maggie invests $16,250 at a rate of 4.9%, compounded monthly, find the value of the investment after 7 years. Include your calculations in your final answer.

Explanation:

answered
User Asaf Gilad
by
8.3k points
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