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An original investment of $14,000 earns 7.50% interest compounded continuously. What will the investment be worth in 3 years? 30 years?

An original investment of $14,000 earns 7.50% interest compounded continuously. What will the investment be worth in 3 years? 30 years? Please do not round until the final answer. Also, round to the nearest cent as needed...thx!

Top Answer

A=Pe rt Here P=14000 r=0..075 when t=3... View the full answer

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For continuously compounded interest, 1) For t = 3 years A = P e rt A = 14000 e... View the full answer

2 comments
  • The first answer was incorrect.
    • onowu
    • Apr 02, 2018 at 11:29am
  • rechecked. it is correct.
    • adpatil1403
    • Apr 02, 2018 at 11:45am

The investment will become... View the full answer

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