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A woman invests $5600 in an account that pays 6% interest per year, compounded continuously. (a) What is the amount after 3 years? (Round your answer to the nearest cent.)

Guest Feb 25, 2017
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FV =5,600 x e^(0.06*3)

FV =5,600 x 1.197217...

FV =$6,704.42

Guest Feb 25, 2017

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