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9 November, 18:43

Emma receives $7750 and invests it in an account that earns 4% interest copounded continuously, What is the total amount of her investment after 5 years?

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  1. 9 November, 19:29
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    So your present value is 7750. this is what you have now. they give you the intesrest rate which is 4% and how the amount of year is 5.

    recall the formula for a compounded continously is

    P*e^ (r*t)

    the answer is 7750*e^ (.04*5)
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