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9 August, 18:40

How much would $400 invested at 9% interest compounded continuously be worth after 3 years? Round your answer to the nearest cent.

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  1. 9 August, 19:41
    0
    The formula to that equation:

    A (t) = p * e^rt

    P is the principle amount invested 400

    R is the rate, 0.09 T is the 3 years.

    Solve from there.
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