$5,000 invested for 5 years at 3% interest compounded continuously.
Added by Ruth S.
Step 1
We can use the formula A = Pe^(rt), where A is the final amount, P is the initial amount, e is the mathematical constant approximately equal to 2.71828, r is the annual interest rate, and t is the time in years. Plugging in the given values, we get: A = Show more…
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