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JacindaBoyle JacindaBoyle
  • 07-02-2017
  • Mathematics
Answered

How much money invested at 5% compounded continuously for 3 years will result in $820

Can someone explain how to do this?

Verified Answer :

Setor9
Setor9 Setor9
  • 07-02-2017

820=P(1.05)^3
P=708.35

I'm sorry I don't know how explain but that is the answer to the problem; 708.35

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