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3 October, 05:51

What is the total amount for an investment of $1000 invested at 5% for 10 years compounded continuously

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  1. 3 October, 08:25
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    Use the formula A = Pe^ (rt).

    Here, A = $1000*e^ (0.05*10) = $1000*e^ (0.5) = $1648.72
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