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Continuous Compound Interest Formula Continue watching the intro video and complete the following: If P dollars are invested for t years at annual interest rate
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Continuous Compound Interest Formula Continue watching the intro video and complete the following: If P dollars are invested for t years at annual interest rate r, compounded _ _ then the future value S is given by dollars. (Memorize) Ex: If $1000 is invested at 5% interest, compounded continuously for 7 years, what is the future value of the investment?
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/665dc017c98fb_055665dc017c1b2e.jpg)
Continuous Compound Interest Formula Continue watching the intro video and complete the following: If P dollars are invested for t years at annual interest rate r, compounded _ _ then the future value S is given by dollars. (Memorize) Ex: If $1000 is invested at 5% interest, compounded continuously for 7 years, what is the future value of the investment?
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