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How much would 125 invested at 8 percent interest compounded continuously be worth after 16 years?
Updated: 4/28/2022
Wiki User
∙ 13y agoBest Answer
Depends on how often the interest is compounded:
formula =
new worth=principle*(1+interest)**number of compounding terms
125*(1+0.08)**(12*16)=326,791,736.80 (monthly)
125*(1+0.08)**(4*16)=17219.89 (quarterly)
125*(1+0.08)**(2*16)=1467.14 (semi-annually)
125*(1+0.08)**(16)=428.24 (annually)
Wiki User
∙ 13y agoThis answer is:
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