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24 November, 04:44

How much would $150 invested at 8% interest compounded continuously be worth after 17 years

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  1. 24 November, 06:04
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    Approximately $584.43

    Step-by-step explanation:

    Your formula is A=Pe^rt

    A is what you're looking for, the amount

    P is the principal aka what you put into the account: $150

    e is the mathematical constant. You'd plug that into your calculator.

    r is the rate, you'd put it into the equation as a decimal: 8%=.08

    t is the time in years: 17

    A=150e^.08x17 you can plug this into your calculator

    A=$584.43
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