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Suppose you invest $950 at an annual interest rate of 6.5% compounded continuously. How much will you have in the account after 10 years? Round the solution to the nearest dolla…

Suppose you invest $950 at an annual interest rate of 6.5% compounded continuously. How much will you have in the account after 10 years? Round the solution to the nearest dolla…
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5 votes
Suppose you invest $950 at an annual interest rate of 6.5% compounded continuously. How much will you have in the account after 10 years? Round the solution to the nearest dollar

asked
User Deepak Kumrawat
by
8.4k points

1 Answer

7 votes
950(1.065)^10 = 1,784
answered
User David Marchelya
by
8.4k points
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