Multiple Choice
You deposit $500 in a savings account paying 4% interest continuously compounded. How much will the account be worth after 32 months?
A) $545.20
B) $526.10
C) $576.70
D) $556.20
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q4: Barium 140 has a half-life of 13
Q5: A rumor is spread by word
Q6: The decay constant for strontium 90
Q7: $1,000 is invested at r% interest continuously
Q8: A rumor is spread by word
Q10: Potassium has a half-life of 12
Q11: Suppose that the value in billions
Q12: What is the present value of an
Q13: A manufacturer has a demand function
Q14: How long will it take for an