A person places $60100 in an investment account earning an annual rate of 5.3%,
compounded cont...
Mathematics, 31.03.2020 18:17 isabella234
A person places $60100 in an investment account earning an annual rate of 5.3%,
compounded continuously. Using the formula V = Pert, where Vis the value of the
account in tyears, 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: 2
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