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How much wood $700 be worth after eight years if they were invested at 5% interest compounded Continuously
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How much wood $700 be worth after eight years if they were invested at 5% interest compounded Continuously

User Valentino Vranken
by
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1 Answer

3 votes
Hi there

The formula is
A=pe^rt
A future value?
P present value 700
R interest rate 0.05
T time 8 years

A=700×e^(0.05×8)
A=1,044.28

Hope it helps
User Shabar
by
8.8k points
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