A U.S. citizen invested a $1200 government stimulus check they received on March 1, 2020, into stocks that grew with an annual percentage rate of 20.0%, compounded continuously. How much are these stocks worth 9 months later on December 1, 2020? Round to two decimal place accuracy. (Hint: 9 months = 0.75 years) Type your answer... Previous Submit

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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A U.S. citizen invested a $1200 government stimulus check they received on March 1, 2020, into stocks that grew with an annual percentage rate of
20.0%, compounded continuously. How much are these stocks worth 9 months later on December 1, 2020? Round to two decimal place accuracy.
(Hint: 9 months = 0.75 years)
Type your answer...
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Transcribed Image Text:A U.S. citizen invested a $1200 government stimulus check they received on March 1, 2020, into stocks that grew with an annual percentage rate of 20.0%, compounded continuously. How much are these stocks worth 9 months later on December 1, 2020? Round to two decimal place accuracy. (Hint: 9 months = 0.75 years) Type your answer... Previous Submit
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