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Determine how much money will be in a savings account if the initial deposit was $1000 and the interest rate is 4% compounded continuously for 15 years, 6 months.

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P = Po*e^rt.

Po = $1000.

rt = 0.04/yr * 15.5yrs = 0.62

P = 1000*e^0.62 = $1858.93.

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