SOLUTION: Find the amount that results from the investment. $480 invested at 6% compounded continuously after a period of 4 years.
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Question 601690: Find the amount that results from the investment. $480 invested at 6% compounded continuously after a period of 4 years.
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
Find the amount that results from the investment. $480 invested at 6% compounded continuously after a period of 4 years.
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FV = 480*e^(0.06*4)
=~ 610.20
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