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How much money invested at 5% compounded continuously for 3 years will yield $820
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How much money invested at 5% compounded continuously for 3 years will yield $820

User Stefan Van Gastel
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6 votes
x(1.05)^2=820

x=820 divided by 1.05^2 or 820/1.0025
User Maxim Filatov
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7.3k points
4 votes
I have that and it says GK equals 36 and GI equals 16
User Knio
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