If $1500 is invested at an interest rate of 3.5% per year, compounded continuously, find the value of the investment after the given number of years. (Round your answers to the nearest cent.) (а) 3 years $ (b) 6 years $ (c) 18 years $

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A: We will use the following formula Here, P = $400 r = 2.5% = 0.025 t = 10