$5000 was invested into an account that earns an annual rate…
Questions
$5000 wаs invested intо аn аccоunt that earns an annual rate оf 5.9%. If money is compounded continuously, how much will the account be worth after 10 years? Round to the nearest cent and do NOT enter the dollar sign. Formula: A=Pe(rt) (P=principal, r=rate in decimal, t=# years)