Find the interest earned on a $25,000 deposit for 2 years at 4.7% interest, compounded continuously. Round

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Find the interest earned on a $25,000 deposit for 2 years at 4.7% interest, compounded continuously. Round to the nearest cent.

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Financial Algebra Advanced Algebra With Financial Applications

ISBN: 9781337271790

2nd Edition

Authors: Robert Gerver, Richard J. Sgroi

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Question Posted: Sep 12, 2022 03:22 AM

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Find the interest earned on a $25,000 deposit for 2 years at 4.7% interest, compounded continuously. Round

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Solution The interest is given by iFVPV Where FV is future value and PV is p...View the full answer

Financial Algebra Advanced Algebra With Financial Applications

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