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Question

If $3500 is invested at an interest rate of 6.25% per year, compounded continuously, find the value of the investment after the given number of years.

a) 3 years
b) 6 years
c) 9 years
11 years ago

Answers

Reiny
a)
amount = 3500 e^(3(.0625))
= .....

same for the others.
11 years ago

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