vieng9870 vieng9870
  • 15-04-2022
  • Mathematics
contestada

Abigail invested $29,000 in an account paying an interest rate of 2. 1% compounded continuously. Assuming no deposits or withdrawals are made, how much money to the nearest dollar, would be in the account after 8 years?

Respuesta :

georgepahno georgepahno
  • 15-04-2022

Answer:

$34,305

Step-by-step explanation:

[tex] a = 29000 {e}^{.021 \times 8} = 34305[/tex]

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