SOLUTION: Jaime invests $800 at 8.2% annual interest compounded continuously. Find the amount of investment after 20 years

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Question 319563: Jaime invests $800 at 8.2% annual interest compounded continuously. Find the amount of investment after 20 years
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Jaime invests $800 at 8.2% annual interest compounded continuously. Find the amount of investment after 20 years
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A(t) = P*e^(rt)
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A(20) = 800*e^(0.082*20)
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A(20) = $4124.14
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Cheers,
Stan H.