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For accounts where interest is compounded continuously, the amount A accumulated or due depends on the principal P, interest rate r, and the time t
For accounts where interest is compounded continuously, the amount A accumulated or due depends on the principal P, interest rate r, and the time t in years according to the formula A = Pert . What principal should be deposited at 8.432% to ensure the account will be worth $25,000 in 7 yr? Round your answer to two decimal places. The principal deposited should be approximately S
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