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If 190 is invested at an interest rate of 11% per year and is compounded continuously, how much will the investment be worth in 4 years?

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解答

If190isinvestedataninterestrateof11%peryearandiscompoundedcontinuously,howmuchwilltheinvestmentbeworthin4years?

解答

Amount:295.01
求解步骤
Translate the problem into an equation:A=190e0.11⋅4
190e0.11⋅4=295.01437…
Round to the nearest hundredth:295.01
Amount:295.01

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