Mr Sanchez invested 500 into a savings account The account earns interest at an annual...
60.1K
Verified Solution
Link Copied!
Question
Basic Math
Mr Sanchez invested 500 into a savings account The account earns interest at an annual rate of 5 compounded continuously Approximately how much money will be in the fund in 15 years if Mr Sanchez does not make any deposits or withdrawals O 1058 50 O 905 20 O 1325 65
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!