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If you put $1,500 in a savings account that pays 4% interest compounded continuously, how much money will you have in your account in 5 years? Assume you make no additional deposits or withdrawals.
 one year ago
 one year ago
If you put $1,500 in a savings account that pays 4% interest compounded continuously, how much money will you have in your account in 5 years? Assume you make no additional deposits or withdrawals.
 one year ago
 one year ago

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InsanityxPBest ResponseYou've already chosen the best response.0
1500 x.04 = 60 60 x 5= 300 Annual Interest= 300
 one year ago

alexwee123Best ResponseYou've already chosen the best response.0
dw:1338928964162:dw is the compounded continuously formula where P is the principal amount r=rate and t=time
 one year ago

alexwee123Best ResponseYou've already chosen the best response.0
so... dw:1338929022971:dw
 one year ago
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