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12 May, 13:26

Maria invests $6,500 in a savings account that earns 3% interest compounded continuously. What will the balance in her account be after 12 years?

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  1. 12 May, 14:56
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    After 12 years, Maria will have 6500 x (1 + 3/100) ^12 = 9267.44$ in her account.
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