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You deposit $2500 in an account that pays 3% annual interest compounded continuously. What is the balance in your account after 4 years?
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You deposit $2500 in an account that pays 3% annual interest compounded continuously. What is the balance in your account after 4 years?

User Johneric
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User Andrzej Bobak
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Answer:

A≈$2819

Explanation:

In this case P=$2500, r=3%, t=4

You deposit $2500 in an account that pays 3% annual interest compounded continuously-example-1
User Raddrick
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