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IgorC [24]
3 years ago
14

An original investment of $15,000 earns 7.25% interest compounded continuously. What will the investment be worth in 3 years? 30

years?
After 3 years, the investment will be worth $
(Do not round until the final answer. Then round to the nearest cent as needed.)
Mathematics
1 answer:
horrorfan [7]3 years ago
5 0

Answer:

A = Pe^{rt}

A = 1500e^{.0725 t}

3 years = $18,644.48

30 years = $132,032.78

Step-by-step explanation:

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