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If $8000 is invested in an account for which interest is compounded continuously, find the amount of the investment at the end of 12 years for the following interest rates.

a) 2%
b) 3%
c) 4.5%
d) 7%

1 answer

a)
amount = 8000 e^(12(.02))
= 8500 e^.24
= $ 10805.62

repeat procedure for the others

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