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Posted by on Thursday, December 13, 2012 at 4:50pm.

Suppose you invest $700 at an annual interest rate of 7.6% compounded continuously. How much will you have in the account after 1.5 years?

  • math - , Thursday, December 13, 2012 at 4:55pm

    The formula is:

    P(1+r)^n

    Where p is the principal amount (or amount you start with)

    r is the rate (.076)

    and n is the frequency in years

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