Mathematics, 16.04.2020 01:02, pikapika24

A person places $262 in an investment account earning an annual rate of 3.7%,

compounded continuously. Using the formula V = Pert, where Vis the value of the

account in t years, P is the principal initially invested, e is the base of a natural

logarithm, and r is the rate of interest, determine the amount of money, to the

nearest cent, in the account after 5 years.

Answers: 3

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A person places $262 in an investment account earning an annual rate of 3.7%,

compounded...