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25-06-2017
Mathematics

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You invest $3,200 in an account that pays an interest rate of 7.25%, compounded continuously. Calculate the balance of your account after 12 years. Round your answer to the nearest hundredth.

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GarageMoney GarageMoney

25-06-2017

i=prt
i=(3200)(7.25)(12)
i=278400
p+i=$281600

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