Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 08 Oct 2017 My Price 3.00

Continuous compound

Continuous compound interest. Provident Bank also offers a 3-year CD that earns 3.64% compounded continuously.

(A) If $10,000 is invested in this CD, how much will it be worth in 3 years?

(B) How long will it take for the account to be worth $11,000?

Answers

Maurice Tutor
(5)
Status NEW Posted 08 Oct 2017 01:10 PM My Price 3.00

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