Answer: So 11 is $14560.63
Step-by-step explanation: Using the continously compounded interest equation and keep in mind that monthly for 4 years is 48 months so thats rate of time and 5.2% is 0.052 as a number
Answer:
Step-by-step explanation:
11. [tex]A=1200(1+\frac{0.052}{12} )^{48}[/tex]
=$ 1476.79(nearest cent)
