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13 April, 21:28

How much would $400 invested at 9% interest compounded continuously be worth after 3 years? Round your answer to the nearest cent.

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  1. 13 April, 22:51
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    The formula to that equation:

    A (t) = p * e^rt

    P is the principle amount invested 400

    R is the rate, 0.09 T is the 3 years.

    Solve from there.
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