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Suppose $7,000 is invested at 6% compounded continuously. (a) What will the accumulated amount be after 2 years? Exact accumulated amount (without using a calculator)
Suppose $7,000 is invested at 6% compounded continuously. (a) What will the accumulated amount be after 2 years? Exact accumulated amount (without using a calculator) = = Accumulated amount, rounded to 2 decimal places (b) How much interest accrued during the 2 years? Interest, rounded to 2 decimal places = = X dollars X dollars dollars
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