meyersjade68 meyersjade68

18-11-2021
Mathematics

contestada

6. A private university has an endowment fund that currently has 27 million dollars in it. If it is invested in a one-
year CD that pays 6.21% interest compounded continuously, how much interest will it earn?

Respuesta :

lyndseymabutho12 lyndseymabutho12

18-11-2021

Answer:

P (1+r÷100)^n

27000000(1+6.21 ÷ 100)^1

27000000.06

not sure about it though

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