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You deposit $6000 in an account earning 7% Interest compounded continuously.
How much will you have in the account in 10 years?
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Future value is
FV = = = 12082.51 dollars. ANSWER
Solved.
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To see many other similar (and different) solved problems on continuously compounded accounts, see the lesson
- Problems on continuously compounded accounts
in this site.
After reading this lesson, you will tackle such problems on your own without asking for help from outside.