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anonymous

  • one year ago

suppose you invest 1050 at an annual interest rate of 5.5% compounded continously how much will you have in the account after 5 years round the solution to the nearest dollar

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  1. anonymous
    • one year ago
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    hmm let me think

  2. anonymous
    • one year ago
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    A=P(1+r/n)^tn P = principal amount (the initial amount you borrow or deposit - $1050) r = annual rate of interest (in decimal - .055) t = number of years the amount is deposited or borrowed for. n = number of times the interest is compounded per year

  3. anonymous
    • one year ago
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    P=I/RT

  4. anonymous
    • one year ago
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    does this help?

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