Solved

Suppose That You Have $3000 on Deposit at Your Bank

Question 12

Short Answer

Suppose that you have $3000 on deposit at your bank at an annual rate of 1.3%. If the bank compounds continuously, what is the balance of your account after two years? Round to nearest cents.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions