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OpenStudy (anonymous):
Help please!
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OpenStudy (anonymous):
OpenStudy (johnweldon1993):
Compounding continuously interest formula \[\large A = Pe^{rt}\] 'A' = amount 'P' = Principal / Original Amount 'r' is rate 't' is in years... so in your case \[\large A = 1000e^{.05(10)}\] And solve for A...
OpenStudy (anonymous):
Thank you!
OpenStudy (johnweldon1993):
No problem!
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