pgene2000 pgene2000

29-03-2017
Mathematics

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How much would $250 invested at 10% interest compounded continuously be worth after 8 years? Round your answer to the nearest cent. Do not include units in your answer.

Respuesta :

29-03-2017

For continuous compounding:

A=Pe^(rt) A=final amount, P=principle, r=annual rate, t=time years

A=250e^(0.1*8)

A=556.39

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