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You invest $3,200 in an account that pays an interest rate of 7.25%, compounded continuously. Calculate the balance of your account after 12 years. Round your answer to the near…

You invest $3,200 in an account that pays an interest rate of 7.25%, compounded continuously. Calculate the balance of your account after 12 years. Round your answer to the near…
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2 votes
You invest $3,200 in an account that pays an interest rate of 7.25%, compounded continuously. Calculate the balance of your account after 12 years. Round your answer to the nearest hundredth.

asked
User Wedge
by
8.5k points

1 Answer

5 votes
i=prt
i=(3200)(7.25)(12)
i=278400
p+i=$281600
answered
User Muflix
by
7.2k points
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