teyannaharris1640 teyannaharris1640

08-12-2018
Mathematics

contestada

If 3,000,000 is invested at 6% intrest compounded continuously how much will the investment be worth in 35 years

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Aliwohaish12 Aliwohaish12

08-12-2018

The formula is

A=p e^rt

A future value?

P present value 3000000

e constant

R interest rate 0.06

T time 35 years

A=3,000,000×e^(0.06×35)

A=24,498,509.73

Hope it helps!

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russdrew2003 russdrew2003

12-05-2021

Answer:

24,498,509.74

Step-by-step explanation:

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