Question: Use the model A=Pe rt or A=P (1+r/n) nt where A is the future value of P dollars invested at interest rate r compounded continuously

Use the model A=Pe^rt or A=P (1+r/n)^nt where A is the future value of P dollars invested at interest rate r compounded continuously or n times per year for t

years.

A $5000 bond grows to $6471.69 in 6 years under continuous compounding. Find the interest rate. Round to the nearest whole percent.

The interest rate is approximately what?

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