Use the Formula $A = p e ^ { r t }$

question 220

Short Answer

Use the formula $A = p e ^ { r t }$ to find the total amount of money accumulated at the end of the indicated time period by compounding continuously: $13,000 for 8 years at 6.25%. Please round the answer to the nearest cent. $__________

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Definitions:

Psychographic

Psychographic refers to the method of segmenting markets on the basis of the personality, values, opinions, attitudes, interests, and lifestyles of consumers.