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If the Lafita family deposits 8500$ ina savings account at 6.75% interest, compounded continuously, how much will be the account after 25 years

If the Lafita family deposits 8500$ ina savings account at 6.75% interest, compounded continuously, how much will be the account after 25 years
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If the Lafita family deposits 8500$ ina savings account at 6.75% interest, compounded continuously, how much will be the account after 25 years

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User Michael Balint
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7.8k points

1 Answer

3 votes
A=pe^rt
A=8,500×e^(0.0675×25)
A=45,950.57
answered
User Csaba Toth
by
8.2k points
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