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O help save for college, your friend invested $1000 in an account that pays 6% annual interest compounded continuously. How much money will your friend have after 4 years?

O help save for college, your friend invested $1000 in an account that pays 6% annual interest compounded continuously. How much money will your friend have after 4 years?
asked 53.1k views
16 votes
o help save for college, your friend invested $1000 in an account that pays 6% annual interest compounded continuously. How much money will your friend have after 4 years?

asked
User Sealz
by
8.1k points

1 Answer

5 votes
$1,240 is the answer.
answered
User Oliver Benning
by
7.7k points
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