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19 February, 16:53

Jackson deposited $5,000 at 3.8% interest, compounded continuously, when he was 18 years old. How much will be in the account when he is 40 years old if he made no other deposits or withdrawals?

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  1. 19 February, 18:17
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    5,000 * 3.8% = 19,000*18 = 342,000 * 40 = 13,680,000
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