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(Solved): For the past 15 years, an employee of a large corporation has been investing in an employee sponsor ...




For the past 15 years, an employee of a large corporation has been investing in an employee sponsored educational savings pla
For the past 15 years, an employee of a large corporation has been investing in an employee sponsored educational savings plan. The employee has invested dollars per year. Treat the investment as a continuous stream with interest paid at a rate of compounded continuously. (a) What is the future value of the investment? (Round your answer to the nearest cent.) (b) How much money would have had to be invested 15 years ago and compounded at compounded continuously to grow to the amount found in part (a)? (Round your answer to the nearest cent.)


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