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Suppose you invest $1500 at an annual interest rate of 5% compounded continuously. How much will you have in the account after 4 years? Round the solution to the nearest dollar.

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"Suppose you invest $1500 at an annual interest rate of 5% compounded continuously. How much will you have in the account after 4 years?" The formula for continuous compounding is A = Pe^(rt), where P is the initial investment, r is the interest rate as a decimal fraction, and t is the # of years.

Here, A = $1500e^(0.05[4]), or $1500e^0.20. This comes to $1832.10.
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