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Problem in economics, finance, business 5.15 Suppose that $2000 is invested now, $2500 is invested two years from now, and $1200 is invested four years

image text in transcribed Problem in economics, finance, business

5.15 Suppose that $2000 is invested now, $2500 is invested two years from now, and $1200 is invested four years from now, all at 8% per year, compounded continuously. What will be the total amount 10 years from now? Ans. $11 131.57

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