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You deposit $600 in an account that pays 2.3% annual interest compounded continuously. How much will you have after 2.5 years?
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4 votes
You deposit $600 in an account that pays 2.3% annual interest compounded continuously. How much will you have after 2.5 years?

User Epelc
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1 Answer

3 votes

We need to use the compounded interest formula.

This is given by the next equation:


undefined

User Ord
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