College Algebra
posted by Ddog .
Suppose that you invest $6,000 at 2% interest compounded continu
ously. How much money will be in your account in 5 years?

College Algebra 
Reiny
amount = 6000 e^(5(.02))
= 6000 e^.1
= ...
Respond to this Question
Similar Questions

math
Jim wants to deposit money in an account to save for a new stereo system in two years. He wants to have $4,000 available at the time. The following rates are available to him: 6.2% simple interest 6.1% compounded annually 5.58% compounded … 
algebra 2
You invest $100,000 in an account with an annual interest rate of 4.5%, compounded semiannually. How much money is in the account after 10 years? 
math
Compound Interest Question James has 10,000 to invest. If he invest money in a savings account that pays 4% APR, calculate the following: a) how long will it take to have a total of 15,000 if interest is compounded quarterly (3months)? 
Math
James has 10,000 to invest. If he invest money in a savings account that pays 4% APR, calculate the following: a) how long will it take to have a total of 15,000 if interest is compounded quarterly (3months)? 
Math
(a) Themba wants to deposit a sum of money into a savings account so that he will have R30 000 in 3 years time for an overseas holiday how much money must he deposit into the account if the interest paid on the savings is 8,5% p.a … 
Precalc
suppose you want to invest $60,000 for ten years. You can invest your money in a CD that earns 4% interest, compounded quarterly and has no risk, or you can invest your money in futures that ear 10% interest, compounded quarterly. … 
Math
Kenny will invest $16,000 in an account with an annual interest rate of 5% and the interest is compounded quarterly. How much money will be in the account in 7 years? 
Algebra 2
You invest an initial $100 in an account that has an annual interest rate of 3%, compounded quarterly. How much money will you have in the account after 20 years? 
Math/ compound interest
The next morning, Kevin meets with a client who would like to invest $20,000 into an account that pays 3.2% interest, which is compounded annually. How much money is in the account after 5 years if no withdrawals or additional deposits … 
College Algebra
Suppose an investment account is opened with an intial deposit of $12,000 earning 9.6% interest. Round all answers to the nearest dollar. a. How much will the account be worth after 20 years if it is compounded monthly?