Mathematics, 08.04.2020 23:48 yoongnzl
Alex plans to invest $5,000 for 8 years at State Bank that offers an annual rate of 4.8% compounded continuously. How much interest is earned by the end of the 8 years?
Choices:
A: $8,213.00
B: $5,000.00
C: $7,340.73
D: $2,340.73
Answers: 2
= $7,340.73
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Alex plans to invest $5,000 for 8 years at State Bank that offers an annual rate of 4.8% compounded...
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