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Business, 31.07.2019 02:00 Dkhaurithompson

Suppose that you discover in your attic an overdue library book on which your grandfather owed a fine of 30 cents 100 years ago. if an overdue fine grows exponentially at a 5% annual rate compounded continuously, how much would you have to pay if you returned the book today? (hint: if a(t) is the balance at the time t, then , where r is the interest rate expressed as a decimal, not in the percentage form).

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