Stan borrows $
5
,
500
at a rate of
12
%
interest per year. What is the amount due at the end of
5
years if the interest is compounded continuously? In your final answer, include your calculations.

What is the amount and how did you find the answer?

) Without compound interest, you would earn only $8800.00. This means that thanks to the power of compound interest you will earn an additional $1191.83 in interest at the end of the 5 year term.

Step-by-step explanation:

1) c 2143.6 cm

2) c 113.0 m

3) a 33.5 ft

4)   d 2 cm

5) c 20 mm

6) 180 in

7) d 120 ft

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