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16 October, 08:53

Invest 2,000 for 20 months 3% interest compounded continously

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  1. 16 October, 09:16
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    A=pe^rt

    P principle 2000

    R interest rate 3/100=0.03

    t time 20/12

    E constant

    A future value

    A=2,000*e^ (0.03 * (20:12))

    A=2,102.54
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