maya12345678
maya12345678 maya12345678
  • 25-06-2017
  • Mathematics
contestada

You invest $3,200 in an account that pays an interest rate of 7.25%, compounded continuously. Calculate the balance of your account after 12 years. Round your answer to the nearest hundredth.

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GarageMoney
GarageMoney GarageMoney
  • 25-06-2017
i=prt
i=(3200)(7.25)(12)
i=278400
p+i=$281600
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