A principal amount of $830 is placed in a savings account with an annual interest rate of 3.72% compounded continuously. What is the total account balance after 23 years? $1,950.23 $1,952.81 $1,120.23 $1,122.81
A principal amount of $830 is placed in a savings account with an annual interest rate of 3.72% compounded continuously. What is the total account balance after 23 years? $1,950.23 $1,952.81 $1,120.23 $1,122.81
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 17E: Mortgage what is the monthly payment on a 30-year mortgage of $100,000 at 8% interest per year,...
Related questions
Question
A principal amount of $830 is placed in a savings account with an annual interest rate of 3.72% compounded continuously. What is the total account balance after 23 years?
$1,950.23
$1,952.81
$1,120.23
$1,122.81
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