Jim places $10,000 in a bank account that pays 13.5% compounded continuously. After 2 years, will he have enough money t

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: 899603
Joined: Mon Aug 02, 2021 8:13 am

Jim places $10,000 in a bank account that pays 13.5% compounded continuously. After 2 years, will he have enough money t

Post by answerhappygod »

Jim Places 10 000 In A Bank Account That Pays 13 5 Compounded Continuously After 2 Years Will He Have Enough Money T 1
Jim Places 10 000 In A Bank Account That Pays 13 5 Compounded Continuously After 2 Years Will He Have Enough Money T 1 (7.67 KiB) Viewed 47 times
Jim places $10,000 in a bank account that pays 13.5% compounded continuously. After 2 years, will he have enough money to buy a car that costs $13,1047 if another bank will pay Jim 14% compounded semiannually, is this a better deal? After 2 years, Jim will have $ (Round to the nearest cent as needed) CD
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply