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1)We invest $50 per month in an account that pays 3% interest per year compounded continuously....

1)We invest $50 per month in an account that pays 3% interest per year compounded continuously. How much is our account worth after 7 years? Round your answer to the nearest penny.

2)We invest $50 per month in an account that pays 3% interest per year compounded continuously. If we make these deposits for 7 years, what is the present value of this account? Round your answer to the nearest penny.

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