Matthew invested $5,800 in an account paying an interest rate of 4.9% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest cent , would be in the account after 7 years?

Question

07-05-2021
Mathematics

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Matthew invested $5,800 in an account paying an interest rate of 4.9% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest cent , would be in the account after 7 years?

Sagot :

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