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Mathematics, 20.04.2021 08:10 edwinn55526
Charles inherited $500,000 from his grandfather. He decides to invest the money into a fund that has 4% annual interest. If the interest is compounded continuously, what is the total amount that is compounded annually?
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Mathematics, 21.06.2019 20:10
A. use the formula for continuous compounding with the original example: $1000 invested at 2% for 1 year. record the amount to 5 decimal places. use a calculator. b. compare it to the result using the original compound interest formula with n = 365 calculated to 5 decimal places. which has a larger value? explain.
Answers: 1
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Charles inherited $500,000 from his grandfather. He decides to invest the money into a fund that has...
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