Ask Question
24 June, 13:16

A student wants to save $8000 for college in 5 years. How much should be put into an account that pays 5.2% annual interest compounded continuously?

+1
Answers (1)
  1. 24 June, 15:43
    0
    If compounding annually, the student will need to put $6,208.85 into the account.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A student wants to save $8000 for college in 5 years. How much should be put into an account that pays 5.2% annual interest compounded ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers