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How much would 200$ invested at 4% interest compounded continuously be worth after 5 years?

How much would 200$ invested at 4% interest compounded continuously be worth after 5 years?
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How much would 200$ invested at 4% interest compounded continuously be worth after 5 years?

User Eric Kani
by
7.9k points

1 Answer

1 vote
Use the formula A = Pe^(rt).

Here,

A = $200e^(0.04*5) = $200(1.221) = $244.28 (rounded to the nearest cent)
User Interloper
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