How much will she have in the account after two years

Reference no: EM133616909

Problem: How much should be invested now at an interest rate of 6.5% per year, compounded continuously, to have $2000 in two years? Money saver`s Bank offers a savings account that earns 5.5% interest compounded continuously. If Yoko deposits $1500, how much will she have in the account after 2 years, assuming she makes no withdrawal?

Reference no: EM133616909

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