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marshall27 [118]

3 years ago

10

How much would $300 invested at 7% interest compounded continuously be worth after 4 years? Round your answer to the nearest cen

t.

2 answers:

Daniel [21]3 years ago

7 0

Answer:

$396.94

Step-by-step explanation:

formula:

$PV*e^{rt}\\300*e^{.07*4}=396.938943701$

which rounds to 396.94

Firlakuza [10]3 years ago

6 0

Answer:

8400 cents

Step-by-step explanation:

SI=P×T×R

100

300×4×7

100

=$84

=8400 cents

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