Mathematics, 18.03.2021 02:20 mervindavisk
A person places $123 in an investment account earning an annual rate of 2.8%,
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 2 years.
Answers: 3
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A person places $123 in an investment account earning an annual rate of 2.8%,
compounded continuous...
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