Answer:
$11095.45
Step-by-step explanation:
This is a problem in continuous compounding, for which the formula is
P = Ae^rt, r being the annual interest rate as a decimal fraction and t being the time in years. Here we have:
P = $9900e^(0.019)(6) = $11095.45
Answer:
11095
Step-by-step explanation:
Rounding to the nearest dollar
