4. [-/5 Points) DETAILS MY NOTES GHCOLALG13 5.T.005. Solve the problem. An account contains $2,000 and has been earning 7% interest, compounded continuously. How much will be in the account in 15 years? (Round your answer to the nearest cent.) $
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The formula for continuous compound interest is A = P * e^(rt), where: A = the amount of money accumulated after n years, including interest. P = the principal amount (the initial amount of money). r = the annual interest rate (in decimal form). t = the time the Show more…
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