Raymond B. answered 04/26/23
Tutor
5
(2)
Math, microeconomics or criminal justice
A = 14000e^.0875(15)
= $52,016.31 after 15 years at 8.75% compounded continuously
Kyle H.
asked 10/23/21If you deposit $14,000 in an account paying 8.75 compounded continuously, how much will you have in your account in 15 years? Compute the answer to the nearest cent.
Raymond B. answered 04/26/23
Math, microeconomics or criminal justice
A = 14000e^.0875(15)
= $52,016.31 after 15 years at 8.75% compounded continuously
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