Find the future value P of the amount Po $100,000 invested for time period t = 4 years at interest rate r = 7.90%, compounded continuously. If $100,000 is invested, what is the amount accumulated after 4 years? (Round to the nearest cent as needed)
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We need to find the future value (P) of the amount invested (Po) for a time period (t) of 4 years at an interest rate (k) of 7.9% compounded continuously. Show more…
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