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suppose you win a contest at the start of 9th grade that deposited $3000 in an account that pays 5% annual interest compound continously. about how much will be in the account after you graduate from college
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suppose you win a contest at the start of 9th grade that deposited $3000 in an account that pays 5% annual interest compound continously. about how much will be in the account after you graduate from college in 8 years?

User Bill Dudney
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1 Answer

5 votes
A=pe^rt
A=3,000×e^(0.05×8)
A=4,475.47
User Iiridayn
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