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How much would $200 invested at 7% compounded continuously be worth after 5 years
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1 vote
How much would $200 invested at 7% compounded continuously be worth after 5 years

User ERaufi
by
5.5k points

2 Answers

5 votes

Answer:

280.51

Explanation:

User Armand DOHM
by
5.3k points
3 votes

Answer:

$280.51

Explanation:

F= 200(1 + 07)^5

The future worth (F) of the investment at present (P) with a compound interest i after n years is calculated through the equation, F=P x (1 + i)^n

User Vahe Akhsakhalyan
by
5.4k points
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