2)
A person places $81200 in an investment account earning an annual rate of
3.6%, compounded...
Mathematics, 29.03.2021 16:30 shainaanderson24
2)
A person places $81200 in an investment account earning an annual rate of
3.6%, compounded continuously. Using the formula V Pert, where Vis
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 13 years.
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