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Practice Test 1
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Q1
Twelve years ago, your grandma put money into a savings account for you that earns $7.5%$ interest annually and is continuously compounded. How much money is currently in your account if she initially deposited $\$10,000$ and you have not taken any money out?
Twelve years ago, your grandma put money into a savings account for you that earns $7.5%$ interest annually and is continuously compounded. How much money is currently in your account if she initially deposited $\$10,000$ and you have not taken any money out?