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22-02-2020
Mathematics

contestada

How much money has to be invested at 5.9% interest compounded continuously to have $15,000 after 12 years

Respuesta :

22-02-2020

Step-by-step explanation:

formula for compound interest

starting value X interest^number of years

so: 15000 X 1.059^12= 29,843.20

Answer Link

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