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PLS HELP ASAP!! Samuel invested $53,000 in an account paying an interest rate of 6.7% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be
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PLS HELP ASAP!!

Samuel invested $53,000 in an account paying an interest rate of 6.7% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 17 years?

User Ryangus
by
6.0k points

2 Answers

3 votes

Answer:

60,367

Explanation:

i = p x r x t

I = 53000 x 6.7/100 x 17

I = 53000 x 0.067 x 17

I=60,367

User Tahj
by
6.0k points
3 votes

Answer:

A≈165553.09

Explanation:

User Ovdsrn
by
5.8k points
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