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Mathematics
Financial Mathematics
Compound Interest
What is the future, rounded to whole dollars, of $25,000 after 7 1/2 years, if money earns at an annual rate of 5.75% compounded continuosly?
1 answer
a=Pe^rt
a=25000e^(.0575)(7.5)
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What is the future, rounded to whole dollars, of $25,000 after 7 1/2 years, if money earns at an annual rate of 5.75% compounded
What is the future, rounded to whole dollars, of $25,000 after 7 1/2 years, if money earns at an annual rate of 5.75% compounded