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  3. a person places $1380 in an investment account ear

A person places $1380 in an investment account earning an annual rate of = 8.6%,...

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Basic Math

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A person places $1380 in an investment account earning an annual rate of = 8.6%, compounded continuously. Using the formula V Pert, where Vis the value of the account in t years, P is the principal initially invested, e is the base of a natural logarithm, and r is the rate of interest, determine the amount of money, to the nearest cent, in the account after 10 years.

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