SOLUTION: Tessa invests $5400 in a new savings account which earns 4.2% annual interest, compounded continuously. What will be the value of her investment after 6 years? Round to the nearest
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Question 1140934
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Tessa invests $5400 in a new savings account which earns 4.2% annual interest, compounded continuously. What will be the value of her investment after 6 years? Round to the nearest cent.
Answer by
ikleyn(52855)
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Future value =
=
= 6947.62 dollars.
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