If $200 Is Deposited into a Savings Account That Earns

question 143

Short Answer

If $200 is deposited into a savings account that earns interest at an annual rate of 8% compounded continuously,find the value of the account at the end of two years.

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Definitions:

Foreseeability

The concept that certain events may reasonably be predicted and thus potentially obligate parties to take preventative measures.

Certainty

The state of being free from doubt or ambiguity, often related to the clear understanding or predictability of an event or outcome.

Novation

The act of replacing an old obligation with a new one, substituting a new party for an original party in an agreement, with the consent of all parties involved.

Restitution

The act of restoring or compensating someone for loss, damage, or injury that has been incurred.