If $1000 is invested at an interest rate of 3.5% per year, compounded continuous

label Algebra
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

If $1000 is invested at an interest rate of 3.5% per year, compounded continuously, find the value of the investment after the given number of years. (Round your answers to the nearest cent.)
(a) 2 years

(b) 4 years

(c) 12 years

Jul 16th, 2015

Thank you for the opportunity to help you with your question!

2 years

a) 1072.51

4 years

b) 1150.27

12 years

c) 1521.96

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jul 17th, 2015

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
Jul 16th, 2015
Jul 16th, 2015
Oct 23rd, 2017
Mark as Final Answer
Unmark as Final Answer
Final Answer

Secure Information

Content will be erased after question is completed.

Final Answer