asked 216k views
0 votes
Suppose an investment account is opened with an intial deposit of $14,000 earning 12.8% interest.

Round all answers to the nearest dollar.
a. How much will the account be worth after 20 years if it is compounded monthly? $
b. How much will the account be worth after 20 years if it is compounded continuously? $

1 Answer

2 votes

Answer:

Explanation:

answered
User Kliketa
by
8.5k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.