jessica3981
19.02.2021 •
Mathematics
You invest $125,000 in an account that earns 4.75% annual
interest, compounded continuously.
a. What is the value of the account after 15 years?
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Ответ:
Step-by-step explanation:
step 1. let's call the amount of money A, the initial amount A¡, the rate r, and the time t.
step 2. A = A¡e^(rt) (continuously compounding equation)
step 3. A = 125000e^((.0475)(15))
step 4. A = $254,885.32
Ответ:
79.2
Hope that helps!