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8.7.15 The interest on a bank savings account is compounded continuously, with an annual interest rate of 7%. If a deposit of $8000 is made,
8.7.15 The interest on a bank savings account is compounded continuously, with an annual interest rate of 7%. If a deposit of $8000 is made, then determine the balance after 3 years. If $8000 is deposited, what is the amount accumulated after 3 years? $ 9869 (Round to the nearest cent.)
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Internal Audit In Higher Education
Authors: Alison Holmes, Sally Brown
1st Edition
0749433000, 978-0749433000
