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July 5, 2015

Homework Help: math

Posted by Lydia on Sunday, April 22, 2007 at 9:02pm.

Please help:

A continuously compounded account starts with $2500 in principal. The annual interest rate is 11.3%. What is the balance after 15 years?

pert:

Value= Principal*ert

= 2500* e0.11(15)
= 2500 * e1.65

wow.

thanks

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