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6 July, 08:46

How much would $500 invested at 5% interest compounded continuously be worth after 8 years

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  1. 6 July, 08:56
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    A=Pe^rt

    A: Total Amount

    P:Principle ($500)

    R: Rate 5% in decimal form

    T: Time in years

    A=500e^ (.05*8)

    A=745.912348821
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