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How much would $500 invested at 4% interest componded continuously be worth after 7 years? A(t)=p•e^

How much would $500 invested at 4% interest componded continuously be worth after 7 years? A(t)=p•e^
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2 votes
How much would $500 invested at 4% interest componded continuously be worth after 7 years?

A(t)=p•e^

User Callmeed
by
7.9k points

1 Answer

4 votes

Answer:

661.5649062

Explanation:

500 * e^(7*0.04)

500 * e^(0.28)

661.5649062

User Lajos
by
8.1k points
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