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6 May, 11:17

How much would 200 invested at 5 invested compounded continuously be worth after 9 years

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  1. 6 May, 11:25
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    A = pe^ (rt) is the formula for compounding continuously.

    A = amount in the account after period of time.

    p = principle

    r = rate (change to decimal)

    t = time (in years)

    e = constant

    A = 200e^ (.05*9)

    A = $313.66
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