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OpenStudy (anonymous):
Please help! Tracy saved $1,000 in the bank. She decided to leave it there for 5 years. Find the amount of money Tracy will have in her account after 5 years if she chooses 6.7% interest compounded continuously.
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OpenStudy (anonymous):
well force of interest is 6.7%... force of interest = ln(1+i). solve for i then use the compound interest formula.. A=P(1+i)^n
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