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If $9450 is invested at a rate of 12.5%, compounded continuously, how much will it be worth in 20 years?
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5 votes
If $9450 is invested at a rate of 12.5%,

compounded continuously, how much will it
be worth in 20 years?

User Stk
by
5.3k points

1 Answer

4 votes

Answer:

The final balance is $113,645.52.

The total compound interest is $104,195.52.

Explanation:

User XrXr
by
5.0k points
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