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11 August, 10:32

Find the final amount for a $300 investment at $5 interest compounded continuously for 4 years.

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  1. 11 August, 12:06
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    The final amount would be about $365

    Step-by-step explanation:

    The formula for that would be A = P (1+i) ^n

    A = 300 (1.05) ^4

    A = 300 (1.21550625)

    A = 364.651875
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