An initial amount of $1300 is invested in an account at an interest rate of 1% per year, compounded continuously. Find the amount in the account after five years. Round your answer to the nearest cent.

Question

06-05-2021
Mathematics

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An initial amount of $1300 is invested in an account at an interest rate of 1% per year, compounded continuously. Find the amount in the account after five years. Round your answer to the nearest cent.

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