asked 77.8k views
12 votes
> A person places $479 in an investment account earning an annual rate of 8.2%, compounded continuously. Using the formula V = Pert, where V is the value of the account in t years, P is the principal initially invested, e is the base of a natural logarithm, and r is the rate of interest, determine the amount of money, to the nearest cent, in the account after 12 years. help please​

1 Answer

11 votes

Answer:

$1281.39

Explanation:

use formula given

> A person places $479 in an investment account earning an annual rate of 8.2%, compounded-example-1
answered
User Destaq
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8.1k points
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