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An original investment of $15,000 earns 7.25% interest compounded continuously. What will the investment be worth in 3 years? 30 years?
After 3 years, the investment will be worth $
(Do not round until the final answer. Then round to the nearest cent as needed.)

Respuesta :

Answer:

[tex]A = Pe^{rt}[/tex]

A = 1500[tex]e^{.0725 t}[/tex]

3 years = $18,644.48

30 years = $132,032.78

Step-by-step explanation:

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