How much would $250 invested at 10% interest compounded continuously be worth after 8 years? Round your answer to the nearest ce
nt. Do not include units in your answer.
1 answer:
For continuous compounding:
A=Pe^(rt) A=final amount, P=principle, r=annual rate, t=time years
A=250e^(0.1*8)
A=556.39
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