What is the final amount when investing $1400 compounded continuously at 7.5% for 12 years?

asked Apr 18, 2021 3.1k views

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Answer:$3334.5

Explanation:

A=p(1+r/100)^n

A=1400(1+7.5/100)^12

A=1400(1.075)^12

A=1400×2.381

A=$3334.5

Apryl answered Apr 24, 2021