If 5,500 is invested at 9% annual interest, which is compounded continuously, what is the account balance after 10 years, assuming no additional deposits or withdrawals are made?

解

If 5, 500 is invested at 9% annual interest, which is compounded continuously, what is the account balance after 10 years, assuming no additional deposits or withdrawals are made?

解

Amount : 13527.82

解答ステップ

Translate the problem into an equation:

A = 5500 e^{0.09 \cdot 10}

5500 e^{0.09 \cdot 10} = 13527.81711 \dots

最も近い

h u n d re d t h

に四捨五入:

13527.82

Amount : 13527.82

If 5,500 is invested at 9% annual interest, which is compounded continuously, what is the account balance after 10 years, assuming no additional deposits or withdrawals are made?

解

解

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