# Calc

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How much money will we have in 6 months if we invest \$1000 into an account earning 8% compounded continuously?

How long will it take the \$1000 to double?

What is the effective rate for 8% compounded continuously that would produce the same accumulated amount after 1 year as 8% compounded continuously you need to set up and solve an equation? (can't use effective rate formula)

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