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How much would $500 invested at 7% interest compounded continuously annually be worth after 4 years?

How much would $500 invested at 7% interest compounded continuously annually be worth after 4 years?
asked 135k views
4 votes
How much would $500 invested at 7% interest compounded continuously annually be worth after 4 years?

asked
User Martin Larsson
by
7.7k points

2 Answers

1 vote

Answer:

$655.40

Explanation:

ap3x

answered
User Susanne Jarl
by
8.1k points
4 votes
A=Pe^(rt), so

A = $500e^(4*0.07) = $661.56
answered
User Indragie
by
8.1k points
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