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If you put $2,000 in a savings account that pays 6% interest compounded continuously, how much money will you have in your account in 4 years? Assume you make no additional deposits or withdrawals.
a. $2,542.50
b. $8,326.49
c. $3,168.15
d. $2,983.65
this section is really confusing for me/:
 11 months ago
 11 months ago
If you put $2,000 in a savings account that pays 6% interest compounded continuously, how much money will you have in your account in 4 years? Assume you make no additional deposits or withdrawals. a. $2,542.50 b. $8,326.49 c. $3,168.15 d. $2,983.65 this section is really confusing for me/:
 11 months ago
 11 months ago

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FeoNeo33Best ResponseYou've already chosen the best response.0
2,000 / 10 = 200 / 5 = 100 100 = 5%... 100 x 4 = 400... The answer is a.
 11 months ago
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