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OpenStudy (anonymous):
Use the formula A=Pe^rt to find the accumulated value of a $20,000 investment at a 7% interest rate over 4 years
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OpenStudy (anonymous):
20000*(1+0.07)^4=20000*1.07^4
OpenStudy (anonymous):
compounded annually
OpenStudy (anonymous):
what's the problem? just stick it into your calculator for continuous compounding for 4 years: \(\large A=20000e^{(0.07)(4)} \)
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