At the end of 8 years, Alex would have $7,340.73 in his savings account if he invested his money at State Bank at an annual rate of 4.8% compounded continuously. What would be the initial amount Alex...

At the end of 8 years, Alex would have $7,340.73 in his savings account if he invested his money at State Bank at an annual rate of 4.8% compounded<br>continuously. What would be the initial amount Alex has to deposit? *Round all decimals to the nearest hundredth.<br>O A. $2,523.75<br>O B. $1,523.45<br>C. $4,993.69<br>D. $3,312.90<br>

Extracted text: At the end of 8 years, Alex would have $7,340.73 in his savings account if he invested his money at State Bank at an annual rate of 4.8% compounded continuously. What would be the initial amount Alex has to deposit? *Round all decimals to the nearest hundredth. O A. $2,523.75 O B. $1,523.45 C. $4,993.69 D. $3,312.90

Jun 03, 2022

SOLUTION.PDF

At the end of 8 years, Alex would have $7,340.73 in his savings account if he invested his money at State Bank at an annual rate of 4.8% compounded continuously. What would be the initial amount Alex...

Get Answer To This Question

Related Questions & Answers

Submit New Assignment