davia97
19.03.2021 •
Mathematics
Ted invests $6,082 in a retirement account with a fixed annual interest rate of 5% compounded continuously. What will the account balance be after 13 years?
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Ответ:
$11468.52
Step-by-step explanation:
Given data
Principal= $6,082
Rate= 5%
time= 13 years
The expression for compound interest is
A= P(1+r)^t
substitute
A=6082(1+0.05)^13
A=6082(1.05)^13
A=6082*1.885649
A=11468.52
Hence the Amount is $11468.52
Ответ:
C. a property of algebra
Step-by-step explanation:
I hope this helps