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Original Question
suppose you invest 17000 at an annual interest rate of 3.9% compounded continuously? how much will u have in the account after...Asked by jeannie
Suppose you invest $700 at an annual interest rate of 7.6% compounded continuously. How much will you have in the account after 1.5 years?
Answers
Answered by
Joey
The formula is:
P(1+r)^n
Where p is the principal amount (or amount you start with)
r is the rate (.076)
and n is the frequency in years
P(1+r)^n
Where p is the principal amount (or amount you start with)
r is the rate (.076)
and n is the frequency in years
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