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Camila invested 9,100 in an account paying an interest rate of 4.6% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 14 years?

解答

Camila invested 9, 100 in an account paying an interest rate of 4.6% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 14 years?

解答

Amount : 17327.15

求解步骤

Translate the problem into an equation:

A = 9100 e^{0.046 \cdot 14}

9100 e^{0.046 \cdot 14} = 17327.14615 \dots

Round to the nearest hundredth:

17327.15

Amount : 17327.15

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