This is part of a review packet that was handed out in means of us studying for our unit exam coming up. Please help me with this problem! At the end of each month, for 24 months, $300 is put into an account paying 6% annual interestcompounded continuously. Find the future value of this account. Round your answer to the nearestcent.7630.70

We know that, the future value of an account compounding continuously is given by FV=Pert whereFV is…

Answered: At the end of each month, for 24…

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter7: Percents

Section7.7: Simple And Compound Interest

Problem 16E

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At the end of each month, for 24 months, $300 is put into an account paying 6% annual interest compounded continuously. Find the future value of this account. Round your answer to the nearest cent. 7630.70