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Asked Nov 11, 2019
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Lillian invested $6,200 in an account paying an interest rate of 4.4% compounded
continuously. Assuming no deposits or withdrawals are made, how much money, to
the nearest cent, would be in the account after 20o years?
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Lillian invested $6,200 in an account paying an interest rate of 4.4% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 20o years? Answer Submit Answer

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Formula for continuous compound interest A(t)= Pe", P is the initial amount, r is the rate and t is the time.

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MathAlgebra

Applications of Mathematics