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You deposit $15,000 in an account earning 5.1% interest compounded continuously. Assuming no additional deposits or withdrawals are made, how much money would you have in 6 year…

You deposit $15,000 in an account earning 5.1% interest compounded continuously. Assuming no additional deposits or withdrawals are made, how much money would you have in 6 year…
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16 votes
You deposit $15,000 in an account earning 5.1% interest compounded continuously. Assuming no additional deposits or withdrawals are made, how much money would you have in 6 years?

asked
User Mwk
by
7.5k points

1 Answer

9 votes

Answer:

I think it's

$20,216.57

answered
User Dhanesh
by
8.6k points
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