SOLUTION: Determine the balance on $4500 with 2.75% interest compounded continuously for 4 years?
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Question 905841
:
Determine the balance on $4500 with 2.75% interest compounded continuously for 4 years?
Answer by
rfer(16322)
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A=Pe^rt
A=4500(2.7183)^0.0275(4)
A=4500(2.7183)^0.11
A=4500*1.116278891
A=$5023.26