Mathematics, 02.03.2021 19:00 YunoGasai34
A particular savings bank pays 8% annual interest compounded continuously. How much will a deposit of $8000 amount to for each time period?
Hint: Convert months to days. When needed, use 365 days per year and 30 days per month.
a. 6 years
b. 2 years 6 months
c. 3 years 1 month 8 days
d. 27 years 287 days
a. The amount accumulated after 6 years is $
(Round to the nearest cent as needed.)
Answers: 1
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A particular savings bank pays 8% annual interest compounded continuously. How much will a deposit o...
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