SOLUTION: On a investment of $4000.00 for 8 years at 5.5% that is compounded continously, what would the balance be?

SOLUTION: On a investment of $4000.00 for 8 years at 5.5% that is compounded continously, what would the balance be?

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Question 340648: On a investment of $4000.00 for 8 years at 5.5% that is compounded continously, what would the balance be?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=Pe^rt
A=4000*2.7183^0.055*8
A=4000*2.7183^0.44
A=$6210.85
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