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1) Gabriella invests $4,114 in a retirement account with a fixed annual interest rate of 4.87% compounded continuously. What will the account bal ance be after 14 years? A=$

1) Gabriella invests $4,114 in a retirement account with a fixed annual interest rate of 4.87% compounded continuously. What will the account bal ance be after 14 years? A=$

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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1) Gabriella invests $4,114 in a retirement account with a fixed annual interest rate of 4.87% compounded continuously. What will the account bal ance be after 14 years? A=$
Transcribed Image Text:1) Gabriella invests $4,114 in a retirement account with a fixed annual interest rate of 4.87% compounded continuously. What will the account bal ance be after 14 years? A=$
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