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29 April, 14:33

Use the formula A=Pe^rt to find the following: $1000 is deposited in a savings account earning 4% interest compounded continously. The money is left for 12 years. How much money do you have at the end of the 12 years?

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  1. 29 April, 15:50
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    A=1,000*e^ (0.04*12)

    A=1,616.07
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