Thor opened a savings account exactly 5 years ago. His initial deposit was $1000 and the account paid 6 % annual interest compounded continuously. Assuming that no other deposits or withdrawals were made, what is the value of Thor's account today? Round your answer to 2 decimal places. Do not include a dollar sign ($). II lim 石 00 (0) [0] 4 0(0) 画t VI D

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.4: Geometric Sequences And Series
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Thor opened a savings account exactly 5 years ago. His initial deposit
was $1000 and the account paid 6 % annual interest compounded
continuously. Assuming that no other deposits or withdrawals were
made, what is the value of Thor's account today?
Round your answer to 2 decimal places. Do not include a
dollar sign ($).
II lim
后
00
(0) [0]
4 0 (0)
画t
VI D
A U
Transcribed Image Text:Thor opened a savings account exactly 5 years ago. His initial deposit was $1000 and the account paid 6 % annual interest compounded continuously. Assuming that no other deposits or withdrawals were made, what is the value of Thor's account today? Round your answer to 2 decimal places. Do not include a dollar sign ($). II lim 后 00 (0) [0] 4 0 (0) 画t VI D A U
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