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Beliebt Word Problems >

Find the future value and interest earned if 8804.56 is invested for 8 years at 6% compounded continuously

Lösung

F in d t h e f u t u re v a l u e an d in t eres t e a r n e d i f 8804.56 i s in v es t e d f or 8 ye a rs a t 6% co m p o u n d e d co n t in u o u s l y

Lösung

Amount : 14228.82

Interest : 5424.26

Schritte zur Lösung

Translate the problem into an equation:

14228.82 = 8804.56 + I

Löse nach

I, 14228.82 = 8804.56 + I : I = 5424.26

Amount : 14228.82

Interest : 5424.26

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