Question
John invests a sum of money in a retirement account with a fixed annual interest rate of 2.63% compounded
continuously. After 15 years, the balance reaches $1,912.41. What was the amount of the initial investment?
2.
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Transcribed Image Text:John invests a sum of money in a retirement account with a fixed annual interest rate of 2.63% compounded continuously. After 15 years, the balance reaches $1,912.41. What was the amount of the initial investment? 2.
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