A person places $4760 in an investment account earning an annual rate of 1.6%,
compounded conti...
Mathematics, 14.04.2020 01:45 valeriegarcia12
A person places $4760 in an investment account earning an annual rate of 1.6%,
compounded continuously. Using the formula V = Pent, where V is the value of the
account in t years, P is the principal initially invested, e is the base of a natural
logarithm, and r is the rate of interest, determine the amount of money, to the
nearest cent, in the account after 7 years.
Answers: 2
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