Alexis received an inheritance of $215,000 from her grandfather. He decides to invest it into an account that pays 2.2%

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899604
Joined: Mon Aug 02, 2021 8:13 am

Alexis received an inheritance of $215,000 from her grandfather. He decides to invest it into an account that pays 2.2%

Post by answerhappygod »

Alexis received an inheritance of $215,000 from her grandfather.
He decides to invest it into an account that pays 2.2% interest
compounded continuously. If she keeps the money in the account
without making any additional deposits, how much will the account
balance be in 20 years?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”