SOLUTION: What amount (to the nearest cent) will an account have after 8 years if $175 is invested at 6.5% interest compounded continuously

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Question 1020673: What amount (to the nearest cent) will an account have after 8 years if $175 is invested at 6.5% interest compounded continuously
Answer by fractalier(6550) About Me  (Show Source):
You can put this solution on YOUR website!
Interest (plus principal) compounded continuously is given by
A+=+Pe%5E%28rt%29
A+=+%28175%29e%5E%28.065%2A8%29
A = $294.35