A person places $81200 in an investment account earning an annual rate of 3.6%, compounded continuously. Using the formula V = P

Question

3 years ago

15

A person places $81200 in an investment account earning an annual rate of 3.6%, compounded continuously. Using the formula V = P

ert, where V is the value of the account in t years, P is the principal initially invested, e is the base of a natural logarithm, and r is the rate of interest, determine the amount of money, to the nearest cent, in the account after 13 years.

Mathematics

1 answer:

dolphi86 [110] · Answer 1 · 2022-08-31T21:40:40+03:00

dolphi86 [110]3 years ago

4 0

Answer:

V=129659.9491≈129659.95

Step-by-step explanation: