Question: I need the work shown please. Question 9 If you invest $1,000 at 15% interest compounded continuously, what is the average amount in your account
I need the work shown please.
Question 9 If you invest $1,000 at 15% interest compounded continuously, what is the average amount in your account over 5 years? You may need X this formula A(t)= Pert. Round to the nearest cent and do not put a dollar sign in your answer. = Selected Answer: 423.40 Correct Answer: 1,489.33 Answer range +/- 0.05 (1489.28 - 1489.38)
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