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March 29, 2015

Homework Help: Engineering Economy

Posted by ANdy on Tuesday, February 26, 2013 at 11:59am.

What is the future worth of $1,000 in month 1, $1,040 in month 2, and amounts increasing by $40 per month
through month 12, at the end of year 2 if the interest rate is 23.7631528% per year, compounded continuously?

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