Mathematics, 06.05.2020 21:58 finlchey3860

A person places $5540 in an investment account earning an annual rate of 2.5%,
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 ris 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 $5540 in an investment account earning an annual rate of 2.5%,
compounded conti...

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