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29 August, 08:13

How much would $300 invested at 9% interest compounded continuously be worth after 3 years? Round your answer to the nearest cent.

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  1. 29 August, 08:43
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    Use the formula A = Pe^ (r*t).

    A = $300*e^ (0.09*3) = $392.99. Sounds like a great deal!
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