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3 years ago

5

How much would $600 be worth after 10 years, if it were invested at 4% interest compounded continuously? (Use the formula below

and round your answer to the nearest cent.)
A(t)=P•e^rt

1 answer:

jenyasd209 [6]3 years ago

4 0

Answer:

$895.09

Step-by-step explanation:

Applying the given formula:

A = $600e^(0.04*10), or

= $895.09

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