SOLUTION: suppose you invest 2000 dollars at an annual interest rate of 5.1% continuously compounded. how much will you have after 3 years?
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Question 795294
:
suppose you invest 2000 dollars at an annual interest rate of 5.1% continuously compounded. how much will you have after 3 years?
Answer by
rfer(16322)
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A=Pe^rt
A=2000(2.7183)^0.051*3
A=2000*1.165326
A=$2330.65