A corporation has a continuous compounded bank account with 2.7% annual interest. The board of directors has placed $87735 in the account, making the formula for the amount in the account after t years F(t)=87735e0.027t. At what rate is the account growing after 7 years? Round to two decimal places.
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A corporation has a continuous compounded bank account with 2.7% annual interest. The board of directors has placed $87735 in the account, making the formula for the amount in the account after t years F(t)=87735e0.027t. At what rate is the account growing after 7 years? Round to two decimal places.
^ need help with this question. I got 105,987.47 and it is saying it is the wrong answer. What is the correct solution?
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