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Rory invests $4000 into a brokerage account which earns 2% per year. In 20 years, how much will Rorys investment be worth if compounded continuously?

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Given:

Rory invests $4000 into a brokerage account which earns 2% per year.

Required:

In 20 years, how much will Rorys investment be worth if compounded continuously?

Step-by-step explanation:

For calculation, we will use formula


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