Question

Aaliyah invested $550 in an account paying interest rate of 4% compounded constantly assuming no deposits or withdrawals are made how much money to the nearest cent would be in the account after 20 years I NEED THE ANSWER ASAP PLEASE!!!!!

Answer 1

1224.05

Explanation:

formula:

PV(e^(it))

550*e^(.04*20)=1224.0475 which rounds to 1224.05