Mathematics, 28.03.2020 02:00 xeno777

A person places $419 in an investment account earning an annual rate of 9.2%, compounded continuously. Using the formula V=PertV=Pe rt, 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 20 years.

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A person places $419 in an investment account earning an annual rate of 9.2%, compounded continuousl...