If $1000 Is Deposited into a Savings Account That Earns

question 152

Short Answer

If $1000 is deposited into a savings account that earns interest at an annual rate of 6% compounded continuously,find the value of the account at the end of seven years.Give your answer to the nearest dollar.

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Definitions:

Principle of Contrast

A design principle that suggests using differences in color, size, shape, and texture to make an element stand out.

Pull Quote

A significant or attention-grabbing quote or excerpt pulled from a document or story to highlight and attract readers.

Proximity

The closeness or physical distance between people, objects, or geographical locations.

Basic Principles

Fundamental truths or propositions that serve as the foundation for a system of belief or behavior or for a chain of reasoning.