RicardoRodriguez2017 RicardoRodriguez2017

21-04-2020
Business

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Gertrude makes a one time deposit of $1200 into an account that pays 7% annual interest
compounded continuously. Assuming Gertrude makes no additional deposits or
withdraws, how much money would be in the account after 7 years? Round to the nearest
penny.

Respuesta :

kcherry0813 kcherry0813

21-04-2020

Answer:

$1788

Explanation:

1200 x 0.07 = 84

84 × 7 = 588

588 + 1200 = 1788

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