Samantha invested $67,000 in an account paying an interest rate of 3.9% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 7 years?
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The formula is given by \(A = Pe^{rt}\), where: - \(A\) is the amount of money accumulated after n years, including interest. - \(P\) is the principal amount (the initial amount of money). - \(r\) is the annual interest rate (decimal). - \(t\) is the time the Show more…
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