Mathematics, 19.03.2020 22:32 saharaapollonio

Alex plans to invest $5,000 for 8 years at State Bank that offers an annual rate of 4.8% compounded continuously. How much interest is earned by the end of the 8 years?
Choices:
A: $8,213.00
B: $5,000.00
C: $7,340.73
D: $2,340.73

Answers: 2

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Alex plans to invest $5,000 for 8 years at State Bank that offers an annual rate of 4.8% compounded...