Evaluate the effective annual interest

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Question: At the end of five years, an account paying 6% interest, compounded continuously, shows a balance of $10,797.87. if only an initial deposit was made, what was the amount? What is the effective annual interest? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131969672

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