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If $1000 is invested at 2% interest, compounded continuously, for 5 years what is the ending balance? Round to the nearest cent

If $1000 is invested at 2% interest, compounded continuously, for 5 years what is the ending balance? Round to the nearest cent
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1 vote
If $1000 is invested at 2% interest, compounded continuously, for 5 years what is the ending balance? Round to the nearest cent

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User Benjamin Pasero
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7.1k points

1 Answer

5 votes
1104.08 is your answer for this question
answered
User Yiye
by
7.6k points
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