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Alisiya [41]
3 years ago
15

You invest $4,200 in an account that pays an interest rate of 6.5%, compounded continuously

Mathematics
1 answer:
almond37 [142]3 years ago
8 0
<span><span>A=4200*e^.65 
A=$8045.27 
This is almost doubling, and the rule of 72 would predict doubling in 11 years, so the answer makes sense.</span><span>
</span></span>
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