Question

Suppose you invest $7500 at an annual interest rate of 4.2% compounded continuously. How much will you have in the account after 2 years? Round the solution to the nearest dollar.

$17,373

$8158

$8157

$17,372

Answer 1

Answer:

$ 8157

Step-by-step explanation:

7500 e^.042(2)   =  8157.22  ~ 8157