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A person deposits money continuously into an account, which pays 4% interest compounded continuously, at a rate of S 1500 per year for 11
A person deposits money continuously into an account, which pays 4% interest compounded continuously, at a rate of S 1500 per year for 11 years. Round your answers to two decimal places. (a) Calculate the balance in the account at the end of the 11 years. (b) Calculate the amount of money actually deposited into the account. (c) Calculate the interest earned during the 11 years.
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