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Asked by Amber

Find the accumulated value of an investment of $3000 at 9% compounded continuously for 3 years.


Isn't the formula 3000e(0.09)x(3)??..which would be $2,201.81...but its wrong?!!..any suggestions would be greatly appreciated
16 years ago

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Answered by Chopsticks
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3000e^(.09 x 3)
16 years ago
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Question

Find the accumulated value of an investment of $3000 at 9% compounded continuously for 3 years.


Isn't the formula 3000e(0.09)x(3)??..which would be $2,201.81...but its wrong?!!..any suggestions would be greatly appreciated

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