How much would you have in your account at the end of 10 years if you deposit $2,000 into the account today if you earn 8 percent interest and interest is compounded continuously? $4,317 $4,451 $4,444 $4,521

How much would you have in your account at the end of 10 years if you deposit $2,000 into the account today if you earn 8 percent interest and interest is compounded continuously? $4,317 $4,451 $4,444 $4,521

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

How much would you have in your account at the end of 10 years if you deposit $2,000 into the account today if you earn 8 percent interest and interest is compounded continuously?
1. $4,317 $4,451
2. $4,444 $4,521

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