Saturday
July 26, 2014

Homework Help: algebra

Posted by George on Thursday, April 12, 2007 at 6:14pm.

A continuously compounded account starts with $1500 in principal. The annual interest rate is 9.1%. What is the balance after 30 years?

Help please. Thanks

amount= 1500*e^.091*30= 1500 e^2.73

thanks

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

precalc - A is accumulated amount investing after p principal for t years at and...
algebra - The amount of money in an account with continuously compounded ...
algebra 2 - The amount of money in an account with continuously compounded ...
math - Please help: A continuously compounded account starts with $2500 in ...
algebra 2 - What will be the amount in an account with initial principal $6000 ...
algebra II - What will be the amount in an account with initial principal $6000 ...
math - The amount of money in an account with continuously compounded interest ...
Math - If $1500 is invested at an interest rate of 3.5% per year, compounded ...
Algebra 2 - Suppose you deposit $1500 in a savings account that pays interest at...
Algebra - Show how you substitute the values into the formula, then use your ...

Search
Members