Mathematics, 17.10.2020 23:01 tdbstonefamliy
A person places $127 in an investment account earning an annual rate of 4.2% compounded continuously. Using the formula 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 16 years.
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A person places $127 in an investment account earning an annual rate of 4.2% compounded continuously...
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