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8 January, 13:32

How much would $300 invested at 7% interest compounded continuously be worth after 4 years

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  1. 8 January, 17:13
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    The formula of compound continuously is

    A=p e^rt

    A future value?

    P present value 300

    R interest rate 0.07

    T 4 years

    E constant

    A=300*e^ (0.07*4)

    A=396.94 round your answer to get

    A=397
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