Posted by james on Monday, April 23, 2012 at 8:21pm.
continuous growth is given by the equation
amount = initial e^ (rt) , where r is the annual rate expressed as a decimal
amount = 2500 e^(15(.035))
= 4226.15
( compare that with the amount had it been 3.5% per annum compounded annually
amount = 2500(1.035)^15 = 4188.37 )
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