Question
Luca's bank is offering a special promotion. It will pay 2% interest, compounded continuously for the next 3 years. If Luca deposits $500 in
Luca's bank is offering a special promotion. It will pay 2% interest, compounded continuously for the next 3 years. If Luca deposits $500 in the account today, how much will the account be worth after 3 years?
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
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