Question

Question 13 (6 points) Listen Suppose an investment account is opened with an initial deposit of $12,000 earning 7.2% interest compounded continuously. How much will the account be worth after 30 years? Show your work and round your answer to the nearest cent.

          Question 13 (6 points)
Listen
Suppose an investment account is
opened with an initial deposit of
$12,000 earning 7.2% interest
compounded continuously. How
much will the account be worth after
30 years? Show your work and
round your answer to the nearest
cent.

Question 13 (6 points)
Listen
Suppose an investment account is
opened with an initial deposit of
12,000 earning 7.2% interest
compounded continuously. How
much will the account be worth after
30 years? Show your work and
round your answer to the nearest
cent.

Added by Donna W.

Precalculus with Limits

Ron Larson 2nd Edition

Instant Answer

Solved by Expert Supreeta N

07/26/2023

Step 1

The interest rate is given as 7.2%. To convert it to decimal form, divide it by 100. 7.2% = 7.2/100 = 0.072 Show more…

Show all steps

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Question 13 (6 points Listen Suppose an investment account is opened with an initial deposit of $12,000 earning 7.2% interest compounded continuously.How much will the account be worth after 30 years? Show your work and round your answer to the nearest cent.