MONEY GROWTH If you invest $\$ 5,250$ in an account paying $11.38 \%$ compounded continuously, how much money will be in the account at the end of (A) 6.25 years? (B) 17 years?
Added by Antonio G.
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25 years using the formula $P = P_0 \cdot e^{rt}$. Given: Initial principal $P_0 = \$5250$ Interest rate $r = 0.1138$ Time $t = 6.25$ years Show more…
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