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How much would $500 invested at 9% interest compounded continuously be worth after 4 years?

Respuesta :

eggyolkk
Asuming the interest rate is 9% per annum, then by using the formula P[1+(r/100)]^t

Where: r = 9% , P = $500 , t = 4years

500*[1+(9/100)]^4
= $705.80 (nearest ten cents)

Answer:

705.8

Step-by-step explanation:

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