Jaiston Jaiston

05-06-2017
Mathematics

contestada

How much wood $700 be worth after eight years if they were invested at 5% interest compounded Continuously

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Aliwohaish12 Aliwohaish12

05-06-2017

Hi there

The formula is
A=pe^rt
A future value?
P present value 700
R interest rate 0.05
T time 8 years

A=700×e^(0.05×8)
A=1,044.28

Hope it helps

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