Mathematics, 22.01.2021 03:30 rousedem28381

A person places $8430 in an investment account earning an annual rate of 3.8%, 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 16 years.

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A person places $8430 in an investment account earning an annual rate of 3.8%, compounded continuou...