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3 years ago

11

John invests $5625 into a savings account with a fixed annual interest rate of 7% compounded continuously. How many years will i

t take for the account to reach $37233.95? Round to the nearest whole number.

1 answer:

mihalych1998 [28]3 years ago

8 0

Answer:

Step-by-step explanation:

use the formula A=P(1+r)^t

37233.95=56259(1+.07)^t

37233.95=60197.13^t

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