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4. You would like to invest 58,500 in a savings account that pays interest of 1.35%, compounded continuously. The formula for
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Answer #1

. : x fc 4(a) AB 4 (a) $ 8,500 1.35% amount invested interest rate time (years) amount in account after 3 years will be $ 8,8

for formulas and calculations, refer to the image below -

X fac 4(a) 0.0135 amount invested 8500 interest rate time (years) amount in account after 3 years will be =D2*EXP(D3*D4) 4 (b

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