bobmaster27 bobmaster27

24-09-2020
Mathematics

contestada

You deposit $2500 in an account earning 3% interest. Find the amount in 20 years if your money compounds (a) annually, (b) monthly, and (c) continuously.

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jadelove28823 jadelove28823

24-09-2020

In this case
P= $2500 , r= 3% , t= 4

A= 2500 × e0.03×4

A= $2819

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