MATH SOLVE

3 months ago

Q:
# If you deposit $14,000 in an account that pays 7.47% annual interest compounded continuously. Remember A=Pe^rt.What is the balance after 1 year? 5 years? 10 years? 25 years?

Accepted Solution

A:

Answer: After 1 year = $15085.85168After 5 years = $20339.34789After 10 years = $29549.21947After 25 years = $90609.34284Step-by-step explanation:14000e^.0747 (however many years)