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A. use the formula for continuous compounding with the original example: $1000 invested at 2% for 1 year. record the amount to 5 decimal places. use a calculator. b. compare it to the result using the original compound interest formula with n = 365 calculated to 5 decimal places. which has a larger value? explain.
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If $190 is invested at an interest rate of 11% per year and is compounded continuously, how much will the investment be worth in 4 years? use the continuous compound interest formula: a = pert
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