Mathematics, 04.02.2021 08:00 jjcooper05
A person places $4080 in an investment account earning an annual rate of 5.7%, compounded continuously. Using the formula V = Pe^{rt}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 4 years.
Answers: 3
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A person places $4080 in an investment account earning an annual rate of 5.7%, compounded continuous...