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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…
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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…
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Mar 24, 2024
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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.)
Mathematics
high-school
Lysoll
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Answer:
$4,000e^(.06 × 16) = $10,446.79
Laurice
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Mar 29, 2024
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