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16 December, 19:47

If you deposit $1,000 ir an account that pays 6% annual interest compounded continuously, what will the balance be after five years?

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  1. 16 December, 19:50
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    If you know 6% of 1000 is 60 so each year 60 will add so 60x5 is 300 so you will earn 300 in 5 years.
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