Question 168485
If $42,000 is invested at an annual rate of 8% for 3 years, compounded continuously, find the balance. 
A=Pe^rt. P=42,000 r=0.08 t=3
A(3) = 42000e^(0.08*3)
A(3) = 42000*1.271249...
A(3) = $53392.46
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Cheers,
Stan H.