Question
An initial amount of money is placed in an account at an interest rate of4 % per year, compounded continuously . After six years, there
An initial amount of money is placed in an account at an interest rate of4%
per year, compoundedcontinuously. After six years, there is$3521.36
in the account. Find the initial amount placed in the account. Round your answer to the nearest cent.
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Linear Algebra and Its Applications
Authors: David C. Lay
4th edition
321791541, 978-0321388834, 978-0321791542
