Ask Question
29 December, 15:42

Suppose you invest $2500 at an annual interest rate of 3% compounded continuously. How much will you have in the account after 7 years? Round the solution to the nearest dollar.

+3
Answers (1)
  1. 29 December, 19:41
    0
    P = $2500, n = 7, r = 3% = 0.03

    F = P / (1 + r) ^t

    F = $2500 * 1.03^ (7) = $2500 * 1.22987 = $3074.68 = $3075
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose you invest $2500 at an annual interest rate of 3% compounded continuously. How much will you have in the account after 7 years? ...” 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