tony253219 tony253219
  • 23-05-2018
  • Mathematics
contestada

What is the total amount for an investment of $1000 invested at 5% for 10 years compounded continuously

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altavistard
altavistard altavistard
  • 24-05-2018
Use the formula  A = Pe^(rt).

Here,  A = $1000*e^(0.05*10)  =  $1000*e^(0.5) = $1648.72
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