Wendy deposits R6500 into an account, paying 8% annual interest compounded monthly. How much money will be in her account after 84 months of paying 8% annual interest compounded continuously?

Correct answer:

i =  11358.24

Step-by-step explanation:

a=6500 p=8%=1008=252=0.08 m=84  k=1+p/12=1+0.08/12=150151=115011.0067  i=a km=6500 1.006784=11358.24

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