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An original investment of $15,000 earns 7.25% interest compounded continuously. What will the investment be worth in 3 years? 30 years?

After 3 years, the investment will be worth $
(Do not round until the final answer. Then round to the nearest cent as needed.)

User Mmbrian
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1 Answer

4 votes

Answer:


A = Pe^(rt)

A = 1500
e^(.0725 t)

3 years = $18,644.48

30 years = $132,032.78

Explanation:

User Underyx
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