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Earn +20 ptsQ: If $190 is invested at an interest rate of 11% per year and is compounded continuously, how much will the investment be worth in 4 years Use the continuous compound interest formula: A = Pert?
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Continue Learning about Other Math
If 20000 is invested in a savings account offering 3.5 per year compounded continuously how fast is the balance growing after 7 years (Round your answer to the nearest cent.)?
With compound interest - the balance after 7 years would be 26336.18
The concepts of simple interest and compound interest and how these affected the results of your investment exercise?
Simple interest (compounded once) Initial amount(1+interest rate) Compound Interest Initial amount(1+interest rate/number of times compounding)^number of times compounding per yr
What is compound interest on 15000 at 6 percent compounded annually for 2 years?
1257
What is compound interest semiannually?
Interest is compounded semiannually if the interest is calculated every six months and added to the capital.
How does compound interest affect the future value of an investment?
Increases
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