A principal amount of $830 is placed in a savings account with an annual interest rate of 3.72% compounded continuously. What is the total account balance after 26 years? The image shows a list of four options, each with a circular selection button next to it. These options represent different monetary values that could be selected, possibly in the context of a quiz or form. The values presented are:1. $2,183.372. $2,180.113. $1,353.374. $1,350.11Each value is displayed in its own rectangular box, with a radio button on the left side for selection.

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A principal amount of $830 is placed in a savings account with an annual interest rate of 3.72% compounded continuously. What is the total account balance after 26 years?

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

A principal amount of $830 is placed in a savings account with an annual interest rate of 3.72% compounded continuously. What is the total account balance after 26 years?

The image shows a list of four options, each with a circular selection button next to it. These options represent different monetary values that could be selected, possibly in the context of a quiz or form. The values presented are:

1. $2,183.37
2. $2,180.11
3. $1,353.37
4. $1,350.11

Each value is displayed in its own rectangular box, with a radio button on the left side for selection.

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