Mathematics, 17.05.2021 21:50 es17118

Sean invests $10,000 at an annual rate of 5% compounded continuously, according to the formula A = Pe^rt, where A is the amount, P is the principal,
e=2.718, r is the rate of interest, and t is time in years.
Determine to the nearest dollar the amount of money Sean will have after 2
years.

Answers: 3

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More questions: Mathematics Another questions

Sean invests $10,000 at an annual rate of 5% compounded continuously, according to the formula A = Pe^rt, where A is the amount, P is the principal, e=2.718, r is the rate of interest, and t is time in years. Determine to the nearest dollar the amount of money Sean will have after 2 years.

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Another question on Mathematics

Sean invests $10,000 at an annual rate of 5% compounded continuously, according to the formula A = Pe^rt, where A is the amount, P is the principal,
e=2.718, r is the rate of interest, and t is time in years.
Determine to the nearest dollar the amount of money Sean will have after 2
years.