Mathematics, 05.05.2021 15:50 HelloDarknessMyOldFr
A person places $4760 in an investment account earning an annual rate of 1.6%, compounded continuously. Using the formula
V
=
P
e
r
t
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 7 years.
Answers: 2
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A person places $4760 in an investment account earning an annual rate of 1.6%, compounded continuous...
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