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Suppose that $10,359 is invested at an interest rate of 5.3% per year, compounded continuously.a)...

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Algebra

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Suppose that $10,359 is invested at an interest rate of 5.3% per year, compounded continuously.a) Find the exponential function that describes the amount in the account after time t, in years.b) What is the balance after 1 year? 2 years? 5 years? 10 years?c) What is the doubling time?a) The exponential growth function is P(t)=(Type exponential notation with positive exponents. Do not simplify. Use integers or decimals for any numbers in the equation.)

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