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01-07-2021
Mathematics

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How much would $500 invested at 5% interest compounded continuously be worth after 4 years? Round your answer to the nearest cent

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loconte loconte

01-07-2021

Answer:

$610.70

Step-by-step explanation:

[tex]a = pe^{rt}[/tex]

a = 500 [tex]e^{.05 * 4}[/tex]

a = $610.70

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