Suppose you take $5800 and invest it with an 8% interest rate for 16 years compounded continuously, how much money will you have
1 answer:
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Answer:
Step-by-step explanation:
Raising something to a power to a power simply simply multiplies the two exponents
(n^3)^2 = n^6
(n^5)^4 = n^20
Multiplying two numbers with the same base (n) will add the exponents
n^6 x n^20 = n^26