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31 March, 10:19

Suppose you invest $500 at an annual interest rate of 8.2% compounded continuously. How much will you have in the account after 15 years?

$1,671.74

$17,028.75

$1,710.61

$8,140.92

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Answers (1)
  1. 31 March, 10:37
    0
    A = Pe^rn = 500e^ (0.082 x 15) = 500e^1.23 = $1,710.61
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