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Asked by Morgan

If $1500 is invested at an interest rate of 3.5% per year, compounded continuously, find the value of the investment after 3 and 6 years.

What formula would i use?
11 years ago

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Answered by Sam
(1.035)^years * 1500
11 years ago
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Question

If $1500 is invested at an interest rate of 3.5% per year, compounded continuously, find the value of the investment after 3 and 6 years.

What formula would i use?

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