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    Mathematics
  3. Study Set
    Precalculus
  4. Exam
    Exam 4: Exponential Functions, Logarithms, and E
  5. Question
    How Much Would an Initial Amount of $5,000, Compounded Continuously
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How Much Would an Initial Amount of $5,000, Compounded Continuously

Question 98

Question 98

Short Answer

How much would an initial amount of $5,000, compounded continuously at 8% annual interest, become after 28 years?

Correct Answer:

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