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A woman invests $5600 in an account that pays 6% interest per year, compounded continuously. (a) What is the amount after 2 years

A woman invests $5600 in an account that pays 6% interest per year, compounded continuously. (a) What is the amount after 2 years
asked 55.5k views
1 vote
A woman invests $5600 in an account that pays 6% interest per year, compounded continuously. (a) What is the amount after 2 years

asked
User Carl Witthoft
by
7.5k points

1 Answer

1 vote

Answer:

6292.16

Step-by-step explanation:

5600x1.06=5936

5936x1.06=6292.16

answered
User Johannes Filter
by
8.4k points
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