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31 October, 03:48

What is the total amount for an investment of $1000 invested at 5% for 10 years compounded continuously

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  1. 31 October, 04:09
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    Use the formula A = Pe^ (rt).

    Here, A = $1000*e^ (0.05*10) = $1000*e^ (0.5) = $1648.72
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