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# After 15 years, your investment is worth \$15,500. If the investment was compounded continuously at a rate of 6.2%, how much did you initial

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Mar 26, 2019

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$$fv=15500\\ r=0.062\\ n=15\\ fv = pv \cdot e^{r t}\\ pv = fv \cdot e^{-r t} = 15500 \cdot e^{-15(0.062)} = \6115.58$$

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Mar 26, 2019