Mathematics, 19.01.2021 19:50, val319

A person places $37700 in an investment account earning an annual rate of 5%, compounded continuously. Using the formula V = Peșt, 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 16 years.

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A person places $37700 in an investment account earning an annual rate of 5%, compounded continuous...