SOLUTION: find the balance if $15,000 is invested at an annual rate of 10% for 5 years, compounded continuously.

SOLUTION: find the balance if $15,000 is invested at an annual rate of 10% for 5 years, compounded continuously.

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Question 420794: find the balance if $15,000 is invested at an annual rate of 10% for 5 years, compounded continuously.
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=15000(2.1783)^0.1*5
A=15000*1.4759
A=22,138.50
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