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3 years ago

7

You deposit $2500 in an account earning 3% interest. Find the amount in 20 years if your money compounds (a) annually, (b) month

ly, and (c) continuously.

1 answer:

Bess [88]3 years ago

5 0

In this case
P= $2500 , r= 3% , t= 4

A= 2500 × e0.03×4

A= $2819

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Hope this helps!

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