13-06-2018
Mathematics

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how much would $600 be worth after 10 years, if it were invested at 4% interest compound continuously?

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altavistard altavistard

13-06-2018

use the compound-cont formula A = Pe^(rt):

A = $600*e^(0.04*10) = $600*e^0.4 = $624.49 (ans)

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