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Algebra
Tutor: None Selected Time limit: 1 Day

Suppose you invest $5000 at an annual interest rate of 6.3% compounded continuously. How much will you have in the account after 3 years? Round the solution to the nearest dollar.

May 16th, 2015

Amount = P* (1+(R/100))^T = 5000 * (1+(6.3/100))^3 = 6005.78 $

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May 16th, 2015

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