jacobburke440 jacobburke440

01-06-2018
Mathematics

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$1500 is deposited into an account that is compounded continuously at a rate of 5%. Approximately how much money will be in the account in 12 years? Round to the nearest cent.

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Megs4evah Megs4evah

01-06-2018

use the Pe^rt formula
1500e^(.05)(12)
1500e^.6
=2733.178201
~$ 2733.18

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