# SOLUTION: Find the accumulated amount after 10 yr if \$5500 is invested at 3%/year compounded continuously.

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 Algebra in Finance Solvers Lessons Answers archive Quiz In Depth

 Click here to see ALL problems on Finance Question 383416: Find the accumulated amount after 10 yr if \$5500 is invested at 3%/year compounded continuously. Answer by stanbon(57246)   (Show Source): You can put this solution on YOUR website!Find the accumulated amount after 10 yr if \$5500 is invested at 3%/year compounded continuously. ---------------------------- A(t) = P*e^(rt) ------ A(10) = 5500*e^(0.03*10) --- A(10) = 5500*e^(0.3) --- A(10) = \$7424.22 ==================== Cheers, Stan H.