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18 February, 23:00

What is the total amount for an investment of $1,250 invested at 9.6% for 12 years and compounded continuously? ≈ $5006.50 ≈ $6125.25 ≈ $4062.65 ≈ $3955.64

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  1. 19 February, 02:37
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    The formula of a continuous compound interest is

    A=p e^rt

    A future value?

    P present value 1250

    E constant

    R interest rate 0.096

    T time 12 years

    A=1,250*e^ (0.096*12)

    A=3,955.64
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