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16 February, 00:50

John invests $5625 into a savings account with a fixed annual interest rate of 7% compounded continuously. How many years will it take for the account to reach $37233.95? Round to the nearest whole number.

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  1. 16 February, 01:29
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    Step-by-step explanation:

    use the formula A=P (1+r) ^t

    37233.95=56259 (1+.07) ^t

    37233.95=60197.13^t
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