SOLUTION: You deposit $2500 in an account that pays 3.5% annual interest compounded continuously. What is the balance after 8 years?

SOLUTION: You deposit $2500 in an account that pays 3.5% annual interest compounded continuously. What is the balance after 8 years?

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Question 708319: You deposit $2500 in an account that pays 3.5% annual interest compounded continuously. What is the balance after 8 years?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=Pe^rt
A=2500(2.7183)^0.035*8
A=2500(2.7183)^0.28
A=2500(1.32313)
A=$3307.80
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