court3138
court3138
10.06.2021 • 
Mathematics

A person places $848oo in an investment account earning an annual rate of 4.1%, compounded continuously. Using the formula V Pe", where V is the value of the
account int 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 4 years.

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