A principal amount of $830 is placed in a savings account with an annual interest rate of 3.72% compounded continuously. What is the total account balance after 23 years?  $1,950.23  $1,952.81 $1,120.23 $1,122.81

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 17E: Mortgage what is the monthly payment on a 30-year mortgage of $100,000 at 8% interest per year,...
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A principal amount of $830 is placed in a savings account with an annual interest rate of 3.72% compounded continuously. What is the total account balance after 23 years?

 $1,950.23 

$1,952.81

$1,120.23

$1,122.81

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