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Romashka-Z-Leto [24]
3 years ago
8

How much should you invest at 4.8% compounded continuously to have $5000 in 2 years?

Mathematics
2 answers:
mezya [45]3 years ago
7 0

Answer:

The total compound interest is $502.74 i think

Step-by-step explanation:

Korolek [52]3 years ago
5 0

24/5

\frac{24 \times 5000  }{5 \times100 } =  \frac{240 \times 5000}{100}  = 240 \times 50 = 12000 =12000 + 240 = 12240

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