Mathematics, 02.11.2021 01:00, Arealbot

Some banks now use continuous compounding of an amount invested. In this case, the equation that models the value of an initial investment of P dollars in t years at an annual interest rate of r is given by A = Pert. Using this equation, find the value in 5 years of an investment of $2000 that earns 7% annual interest.

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Some banks now use continuous compounding of an amount invested. In this case, the equation that mod...