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If $315 is invested at an interest rate of 3% per year and is compounded continuously, how much will the investment be worth in 9 years? use the continuous compound interest for…

If $315 is invested at an interest rate of 3% per year and is compounded continuously, how much will the investment be worth in 9 years? use the continuous compound interest for…
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if $315 is invested at an interest rate of 3% per year and is compounded continuously, how much will the investment be worth in 9 years? use the continuous compound interest formula

asked
User Julien Leray
by
8.3k points

1 Answer

2 votes

Answer:

\$412.64

Explanation:

answered
User Ashlee
by
8.4k points
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