Question: To solve each problem, refer to the formulas for compound interest. A = r(1 + ) tn tn A = P1 + and A =

To solve each problem, refer to the formulas for compound interest.A = r(1 + )


If $5000 is invested in an account at 4% annual interest compounded continuously, how much will be in the account in 8 yr if no money is withdrawn?

A = r(1 + )" tn tn A = P1 + and A = Pet

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