Mathematics, 13.04.2021 19:40 juliannabartra
A person places $84800 in an investment account earning an annual rate of 4.1%, compounded continuously. Using the formula
V
=
P
e
r
t
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 4 years.
Answers: 1
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A person places $84800 in an investment account earning an annual rate of 4.1%, compounded continuou...
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