At the end of each month, for 24 months, $200 is put into an account paying 6% annual interest compounded continuously. Find the future value of this account. Round your answer to the nearest cent. $

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 15E
Question
At the end of each month, for 24 months, $200 is put into an account paying 6% annual interest
compounded continuously. Find the future value of this account. Round your answer to the nearest
cent.
$
Transcribed Image Text:At the end of each month, for 24 months, $200 is put into an account paying 6% annual interest compounded continuously. Find the future value of this account. Round your answer to the nearest cent. $
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