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For the following amount at the given interest rate compounded continuously, find (a) the future value after 8 years, (b) the effective rate, and

For the following amount at the given interest rate compounded continuously, find (a) the future value after 8 years, (b) the effective rate, and (c) the time to reach $16,000. $5300 at 3.7% a. The future value after 8 years is approximately $ (Do not round until the final answer. Then round to the nearest cent as needed.)

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