kmkrreeves2559 kmkrreeves2559
  • 04-08-2020
  • Mathematics
contestada

Peter saved up $20,000 in an account earning a nominal 5% per year compounded continuously. How much was in the account at the end of two years? Round the answer to nearest dollar.

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WJX071116
WJX071116 WJX071116
  • 04-08-2020

Answer:

$22,050

Step-by-step explanation:

$20,000+5%=$21,000

$21,000+5%=$22,050

Answer Link
michiorozco michiorozco
  • 21-03-2021

Answer: 22,103

Step-by-step explanation:

Answer Link

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