Math Problem Statement
Question content area top Part 1 Find the value of an investment of $ 10 comma 000 for 11 years at an annual interest rate of 4.55 % compounded continuously. Question content area bottom Part 1 The value of the investment is $
enter your response here. (Do not round until the final answer. Then round to the nearest cent as needed.)
Solution
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Math Problem Analysis
Mathematical Concepts
Exponential Growth
Continuous Compounding
Interest Calculations
Formulas
A = Pe^(rt)
Theorems
Continuous Compounding Formula
Suitable Grade Level
Grades 10-12
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