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anonymous
 3 years ago
If $535 is invested at an interest rate of 6% per year and is compounded continuously, how much will the investment be worth in 10 years?
anonymous
 3 years ago
If $535 is invested at an interest rate of 6% per year and is compounded continuously, how much will the investment be worth in 10 years?

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anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0F = Pe^rt = 535e^(0.06*18) = $1575.40

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0thank you!!!!!!!! you ROCK

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0wait, would i do that x ten though?

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0my options: $1307.12 $974.83 $973.38 $403.43

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0ummm... well if u did X ten what would u get?

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0it would have to be a lower number, given the answer choices

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0yea.. actually i think its $973.38..

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Since the compounding is continuous, the base must e. A=Pert, so A = 535e (.06)(10) which is $974.83 :)
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