Description
If $2500 is invested at an interest rate of 5.5% per year, compounded continuously, find the value of the investment after the given number of years. (Round your answers to the nearest cent.)
(a) 3 years
$
(b) 6 years
$
(c) 18 years
$
$
(b) 6 years
$
(c) 18 years
$
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Explanation & Answer
a. $2912
b. $3325
c.$4975
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