briellelehmkuhle briellelehmkuhle

23-05-2022
Mathematics

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How much money does Donald have after 5 years if he invested $15,000 at 1.75% compounded continuously?

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Respuesta :

jsimpson11000 jsimpson11000

24-05-2022

Answer:

$ 16371.63

Step-by-step explanation:

Future Value = present value * e^(i*t)

FV = 15000 e^(.0175 * 5 ) = 16371.63

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