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What will be the amount in an account with initial principal $6000 if interest is compounded continuously at an annual rate of...Asked by memo
What will be the amount in an account with initial principal $6000 if interest is compounded continuously at an annual rate of 4.25% for 9 years
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Answered by
R_scott
a = p e^(r t) = $6000 * e^(.045 * 9)