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

asked Jan 27, 2022 22.0k views

5 votes

If $9450 is invested at a rate of 12.5%,

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

by Stk

8.1k points

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4 votes

Answer:

The final balance is $113,645.52.

The total compound interest is $104,195.52.

Explanation:

XrXr answered Feb 1, 2022