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1 vote
An original investment of $15,000 earns 7.25% interest compounded continuously. What will the investment be worth in 3 years? 30 years?

After 3 years, the investment will be worth $
(Do not round until the final answer. Then round to the nearest cent as needed.)

asked
User Mmbrian
by
8.7k points

1 Answer

4 votes

Answer:


A = Pe^(rt)

A = 1500
e^(.0725 t)

3 years = $18,644.48

30 years = $132,032.78

Explanation:

answered
User Underyx
by
7.7k points

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