A person places $1150 in an investment account
earning an annual rate of 5-3%, compounded
con...
Mathematics, 10.02.2021 03:20 ZOE1000000
A person places $1150 in an investment account
earning an annual rate of 5-3%, 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 10 years.
Answers: 1
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