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Jorge invests $4,200 at 6.2% interest compounded continuously. Find the final amount of his investment after 20 years.

 Jun 7, 2016
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Jorge invests $4,200 at 6.2% interest compounded continuously. Find the final amount of his investment after 20 years.

 

A=Pe^(.062*20)

A=4,200. e^1.24

A=4,200 . 3.4556....

A=$14,513.58

 Jun 7, 2016

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