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Suppose you invest $7500 at an annual interest rate of 4.2% compounded continuously. How much will you have in the account after 2 years? Round the solution to the nearest dolla…

Suppose you invest $7500 at an annual interest rate of 4.2% compounded continuously. How much will you have in the account after 2 years? Round the solution to the nearest dolla…
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Suppose you invest $7500 at an annual interest rate of 4.2% compounded continuously. How much will you have in the account after 2 years? Round the solution to the nearest dollar.

$17,373

$8158

$8157

$17,372

asked
User Luc DUZAN
by
7.3k points

1 Answer

4 votes

Answer:

$ 8157

Explanation:

7500 e^.042(2) = 8157.22 ~ 8157

answered
User Mooonli
by
8.2k points
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