Lois has deposited $2,000 in an investment account that pays 5% compounded continuously. How much will she have in her account in two years?
A) $1,809.67.
B) $2,105.54.
C) $2,210.34.
D) $2,205.00.
Correct Answer:
Verified
Q1: Noah Cyrus is investing $5,000 in an
Q3: Alexander will receive $25,000 in 3 years.
Q4: Nicky Scarfe is considering an investment that
Q5: Your father promises to give you $10,000
Q6: What sum would you have to receive
Q7: Shen has $5,000 to invest in a
Q8: You currently have $100 available to invest
Q9: If inflation is anticipated to be 5
Q10: The current 1-year Treasury rate is 10
Q11: Which of the following is not an
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents