Español An initial amount of $2300 is invested in an account at an interest rate of 3% per year, compounded continuously. Assuming that no withdrawals are made, find the amount in the account after four years. Do not round any intermediate computations, and round your answer to the nearest cent. ?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter10: Exponential And Logarithmic Functions
Section10.2: Evaluate And Graph Exponential Functions
Problem 10.32TI: Allan invested $10,000 in a mutual fund. If the interest rate is 5%, how much will be in the account...
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Español
An initial amount of $2300 is invested in an account at an interest rate of 3% per year, compounded continuously. Assuming that no withdrawals are made, find
the amount in the account after four years.
Do not round any intermediate computations, and round your answer to the nearest cent.
Aa
Transcribed Image Text:Español An initial amount of $2300 is invested in an account at an interest rate of 3% per year, compounded continuously. Assuming that no withdrawals are made, find the amount in the account after four years. Do not round any intermediate computations, and round your answer to the nearest cent. Aa
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