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  3. a person places $7420 in an investment account ear

A person places $7420 in an investment account earning an annual rate of 5.9%, compounded...

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Algebra

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A person places $7420 in an investment account earning an annual rate of 5.9%, compounded continuously. Using the formula V = Pe?? where V is 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 20 years.

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