Use the compound interest formula to determine the final value of the given amount. $1400 at 10% compounded continuously for 9 years The final value is $ . (Round to the nearest cent as needed.)
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The formula is A = P * e^(rt), where: - A is the amount of money accumulated after n years, including interest. - P is the principal amount (the initial amount of money). - r is the annual interest rate (in decimal). - t is the time the money is invested for in Show more…
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