Interest is compounded continuously compared to monthly

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You make monthly deposits of $300 into an account that pays 3% per year. How much larger would the balance be after 4 years if interest is compounded continuously compared to monthly? Express your answer in $ to the nearest $0.10.

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Reference no: EM131000304

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Interest is compounded continuously compared to monthly : You make monthly deposits of $300 into an account that pays 3% per year. How much larger would the balance be after 4 years if interest is compounded continuously compared to monthly? Express your answer in $ to the nearest $0.10.

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