An Initial amount of $2700 is invested in an account at an interest rate of 4.5% per year, compounded continuously. Assuming that no withdrawals are made, find the amount in the account after four years. Do not round any intermediate computations, and round your answer to the nearest cent.
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5% or 0.045), and \(t\) is the time in years (4 years in this case). Show more…
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