Question 246661

    Suppose that $40000 is invested at 9% interest. Find the amount of money in the account at 7 years if the interest is compounded continuously.
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Plug into the
Continuous compound interest formula:
{{{A = Pe^(rt)}}}
{{{A = 40000e^(.09*7)}}}
{{{A = 40000e^(.63)}}}
{{{A = $75104.42}}}