Mathematics

Mathematics, 07.11.2019 10:31, calebmoore925

Some banks now use continuous compounding of an amount investment. in this case, the equation that models the value of an intitial investment of p dollars in t years at an annual interest rate of r is given by a=pe^rt. using this equation, find the value in 4 years of an investment of $3,000 that earns 7% annual interest. (round your answer to the nearest cent.)

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