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20 March, 08:37

Find the final amount for a $1000 investment at 6% interest compounded continuously for 20 years

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  1. 20 March, 10:43
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    Answer:$3207

    Step-by-step explanation

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

    A=1000 * (1+6/100) ^20

    A=1000 * (1.06) ^20

    A=1000*3.207

    A=$3207
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