Suppose $3500 is deposited in an account paying 4% interest compounded continuously for 5 years. Find the total amount in the account at the end of 5 years. Give your answer to the nearest hundredth (two decimal places). Total Amount: Find the total amount of interest accrued over the 5-year period. Give your answer to the nearest hundredth (two decimal places). Interest Accrued:

Suppose $3500 is deposited in an account paying 4% interest compounded continuously for 5 years. Find the total amount in the account at the end of 5 years. Give your answer to the nearest hundredth (two decimal places). Total Amount: Find the total amount of interest accrued over the 5-year period. Give your answer to the nearest hundredth (two decimal places). Interest Accrued:

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 1P

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