MurphyJess111 MurphyJess111

11-03-2021
Mathematics

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Matthew placed 612 dollars in an investment account earning an annual rate of 3.125% compounded continuously. How much money will Matthew have in his account after 13 years? ROUND TO THE NEAREST CENT.

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aj232910 aj232910

11-03-2021

Answer:

In 13 years he will have $25474.5

Step-by-step explanation:

612*3.125% = 1912.5

1912.5*13 = 24862.5

24862.5 + 612 = 25474.5

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