kagogoblog kagogoblog

09-04-2020
Mathematics

contestada

How much would $500 invested at 8% interest compounded continuously be worth after 4 years?

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Spurgeonjimmie Spurgeonjimmie

09-04-2020

Answer:It would be $660

Step-by-step explanation:

500*8%=40

Multiply 500 and 8%

40*4=160

Then multiply 40 and 4

500+160=660

finally add 500 and 160

You should get 660.

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leonardo6040 leonardo6040

27-04-2020

It's definitely not $660.00, it's $680.24:)

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