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Mathematics, 05.05.2020 10:20 onlymyworld27

A person places $7120 in an investment account earning an annual
rate of 7.4%, compounded continuously. Using the formula V = Pert
, 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 11 years.

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A person places $7120 in an investment account earning an annual
rate of 7.4%, compounded cont...
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