A person places $531 in an investment account earning an annual rate of 6.1%, compounded continuously. Using the formula V = Pe™t, 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 16 years.

answer are

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what "following statement"?

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