Mathematics, 15.04.2020 04:17 duncanswart1558
A person places $262 in an investment account earning an annual rate of 3.7%, compounded continuously. Using the formula V = Pe^{rt}V=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 5 years.
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