Mathematics, 01.04.2021 07:10 lilsnsbsbs
A person places $60100 in an investment account earning an annual
rate of 5.3%, compounded continuously. Using the formula
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 19 years.
Answers: 3
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A person places $60100 in an investment account earning an annual
rate of 5.3%, compounded continuo...
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