dylancollard55 dylancollard55

28-05-2024
Mathematics

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$5000 It’s being compounded At a monthly rate of 2% How much is an account after five years

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loribina loribina

28-05-2024

Answer:

Using the formula for continuous compounding interest, the final amount after 5 years is approximately $5525.85 when $5000 is deposited at a 2% interest rate.

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