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15 March, 08:30

If Sarita deposits $1000 in an dollars in account paying 3.4% annual interest compounded continuously what is the balance in the account after five years

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  1. 15 March, 09:21
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    Total = 1,000 * 2.718281828459^ (.034 * 5)

    Total = 1,000 * 2.718281828459^0.17

    Total = 1,000 * 1.1853048513

    Total = 1,185.30
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