matthewcano1011 matthewcano1011

20-02-2024
Mathematics

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Luca owns a small manufacturing business. In 1 year, he wants to buy a machine that costs $6,000.00. If Luca opens a savings account that earns 1% interest compounded continuously, how much will he have to deposit as principal to have enough money in 1 year to buy the machine? Round your answer to the nearest cent.

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