Aperson depositsmoney into an account,which pays 5% interest compounded continuously, at
Chapter 6, Problem 6(choose chapter or problem)
Aperson depositsmoney into an account,which pays 5% interest compounded continuously, at a rate of $1000 per year for 15 years. Calculate: (a) The balance in the account at the end of the 15 years. (b) The amount of money actually deposited into the account. (c) The interest earned during the 15 years.
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