Mathematics, 30.03.2021 21:50 bm42400

$16,000 is deposited into a savings account with an annual interest rate of 2% compounded continuously. How much will be in the account after 4 years? Round to the nearest cent.

$17,280.00

$17,332.59

$35,608.65

$65,292.88

If you could please exlain

Answers: 2

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$16,000 is deposited into a savings account with an annual interest rate of 2% compounded continuously. How much will be in the account after 4 years? Round to the nearest cent. $17,280.00 $17,332.59 $35,608.65 $65,292.88 If you could please exlain

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Another question on Mathematics

$16,000 is deposited into a savings account with an annual interest rate of 2% compounded continuously. How much will be in the account after 4 years? Round to the nearest cent.

$17,280.00

$17,332.59

$35,608.65

$65,292.88

If you could please exlain