Mathematics, 02.04.2020 18:06, 21hendlill

Ms. Cubbatz invested a sum of money in a certificate of deposit that earns 8% interest compounded continuously. The formula for calculating interest that is compounded continuously is A = Pe". If Ms. Cubbatz made the investment on January 1, 1995, and the account was worth $12,000 on January 1, 1999, what was the original amount in the account?

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Ms. Cubbatz invested a sum of money in a certificate of deposit that earns 8% interest compounded co...