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3 years ago

6

Peter saved up $20,000 in an account earning a nominal 5% per year compounded continuously. How much was in the account at the e

nd of two years? Round the answer to nearest dollar.

1 answer:

kykrilka [37]3 years ago

3 0

Answer:

$22,050

Step-by-step explanation:

$20,000+5%=$21,000

$21,000+5%=$22,050

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