Question 712404
You are quoted an interest rate of 6% on an investment of $10,000,000. What is the value of your investment after 4 years if the interest is compounded:
Annually
A(4) = 10000000(1.06)^4
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Monthly
A(4) = 10000000(1+(0.06/12))^(12*4) 
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Continuously
A(4) = 10000000e^(0.06*4) 
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Cheers,
Stan H.
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