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ayeheavymetal
09.07.2019 •
Mathematics
Suppose you invest $300 at annual interest rate of 4.5% compounded continuously.
how much will you have in the account after 7.5 years?
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Ответ:
Step-by-step explanation:
we know that
The formula to calculate continuously compounded interest is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
e is the mathematical constant number
we have
substitute in the formula above
Ответ:
x = 1
I hope this helps!