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8 March, 18:38

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

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  1. 8 March, 22:37
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    Answer:$3334.5

    Step-by-step 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
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