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12 August, 20:37

If you were to place $5,000 in a savings account that pays 6% interest compounded continuously, how much money will you have after 4 years? Assume you make no other deposits or withdrawals.

A. $6,356.25

B. $11,821.07

C. $5,024

D. $6,312.38

... ?

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  1. 12 August, 21:05
    0
    FVn = P (1 + r/n) ^ Yn

    A. $6,356.25
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