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How much would 85000 invested at 5 percent interest compounded continuously be worth after 5 years?
Updated: 10/19/2022
Wiki User
∙ 12y agoBest Answer
Continuous interest formula, A = Pe(rt)
Substituting the figures given,
A = 85000e(0.05 x 5) = 85000e0.25 = 85000 x 1.284025 = 109142.16
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∙ 12y agoThis answer is:
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