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    Mathematics
  3. Study Set
    Intermediate Algebra Level 1
  4. Exam
    Exam 9: Exponential and Logarithmic Functions
  5. Question
    An Initial Investment of $5000 Earns 8
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An Initial Investment of $5000 Earns 8

Question 31

Question 31

Short Answer

An initial investment of $5000 earns 8.8% interest, compounded continuously. What will the investment be worth in 12 years?
Please round the answer to the nearest cent. $__________

Correct Answer:

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