A Math 110 student decides to make semiannual payments of $1,000 into a retirement account paying 6% interest per year compounded continuously. How much will the student have in their retirement...


A Math 110 student decides to make semiannual payments of $1,000 into a retirement account paying 6% interest per<br>year compounded continuously. How much will the student have in their retirement account after 50 years?<br>2,000<br>(1 - e-3)<br>0.06<br>2.50<br>(e3<br>0.06<br>- 1)<br>2,000<br>(e3<br>0.06<br>+ 1)<br>O 2,000<br>0.06<br>- 1)<br>2.50<br>(1 – e-3)<br>0.06<br>

Extracted text: A Math 110 student decides to make semiannual payments of $1,000 into a retirement account paying 6% interest per year compounded continuously. How much will the student have in their retirement account after 50 years? 2,000 (1 - e-3) 0.06 2.50 (e3 0.06 - 1) 2,000 (e3 0.06 + 1) O 2,000 0.06 - 1) 2.50 (1 – e-3) 0.06

Jun 05, 2022
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