Register

Suppose you invest $1050 at an annual interest rate of 5.5% compounded continuously. How much will you have in the account after 5 years? Round the solution to the nearest dolla…

Suppose you invest $1050 at an annual interest rate of 5.5% compounded continuously. How much will you have in the account after 5 years? Round the solution to the nearest dolla…
asked 126k views
0 votes
Suppose you invest $1050 at an annual interest rate of 5.5% compounded continuously. How much will you have in the account after 5 years? Round the solution to the nearest dollar.

asked
User Rod Burns
by
8.4k points

1 Answer

4 votes
$28,875 I think?
pretty sure that's rounded.

answered
User Shaneen
by
8.1k points
← Prev Question Next Question →

Related questions

User Gmc
asked May 9, 2024 216k views
In a given year, m1 equaled $1050 billion while m2 equaled $3,500 billion. what percent of m2 is m1
Gmc asked May 9, 2024
by Gmc
7.6k points
1 answer
3 votes
216k views
Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!