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You deposit $1575 in a bank account that earns 3.75% interest per year for 5 years. How much will the balance be if it's compounded continuously?
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You deposit $1575 in a bank account that earns 3.75% interest per year for 5 years. How much will the balance be if it's compounded continuously?

User Prajna Hegde
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1 Answer

4 votes

the answer is $1899.81

User Mishal Awan
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