Question: An initial amount of $ 2 3 0 0 is invested in an account at an interest rate of 3 % per year, compounded continuously.
An initial amount of
$
is invested in an account at an interest rate of
per year, compounded continuously. Assuming that no withdrawals are made, find the amount in the account after five years.
Do not round any intermediate computations, and round your answer to the nearest cent.
If necessary, refer to the
list of financial formulas
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