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OpenStudy (anonymous):
An initial amount of money is placed in an account at an interest rate of 1% per year, compounded continuously. After five years, there is 2880.48 in the account. Find the initial amount placed in the account. Round your answer to the nearest cent.
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OpenStudy (anonymous):
A=Pe^rt where r = rate of interest, t=years, e=natural number, P=initial
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