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xz_007 [3.2K]
3 years ago
10

Type the expression that results from the following series of steps:

Mathematics
1 answer:
kramer3 years ago
7 0
P to the power of 3. Or p x p x p. Hope this helps!
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If $396 is invested at an interest rate of 13% per year and is compound continuously, how much will the investment be worth in 3
Sveta_85 [38]

Answer:

The investment at the end of the period will be $584.89.

Step-by-step explanation:

FV = PV e⁽ⁿˣ⁾

FV = Future Value = ?

PV = Present Value = $396

n = Interest Rate = 13%

x = time in years = 3

e = mathematical constant = 2.7183

FV = 396 x 2.7183⁽⁰°¹³ ˣ ³⁾

FV = 396 x 1.4770

FV = $584.89

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Answer:

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Step-by-step explanation:

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drek231 [11]
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