Find the total amount of an investment of $5000 at 6% interest compounded continuously for 8 years. Round your answer to the nearest hundredth. Enter the answer as the example: $1234.56

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Find the total amount of an investment of $5000 at 6% interest compounded continuously for 8 years. Round your answer to the nearest hundredth. Enter the answer as the example: $1234.56

Mathematics
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At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

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Non-continuous compounding: \(\Large F = P\left(1 + \dfrac{r}{n}\right)^{nt}\) F = future value P = present value r = interest rate per period n = number of periods per year t = number of years Continuous compounding: \(\Large F = Pe^{rt} \) F = future value P = present value r = annual interest rate t = number of years

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