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Assume that there are no deposits or withdrawals An initial investment of $4,000 earns 6% interest, compounded continuously. What will the investment be worth in 16 years? (Roun…

Assume that there are no deposits or withdrawals An initial investment of $4,000 earns 6% interest, compounded continuously. What will the investment be worth in 16 years? (Roun…
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Assume that there are no deposits or withdrawals An initial investment of $4,000 earns 6% interest, compounded continuously. What will the investment be worth in 16 years? (Round your answer to the nearest cent.)

User Lysoll
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1 Answer

1 vote

Answer:

$4,000e^(.06 × 16) = $10,446.79

User Laurice
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