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Beliebt Word Problems >

Find the future value and interest earned if 8904.56 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 ​8904.56 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 : 14390.43

Interest : 5485.87

Schritte zur Lösung

Translate the problem into an equation:

14390.43 = 8904.56 + I

Löse nach

I, 14390.43 = 8904.56 + I : I = 5485.87

Amount : 14390.43

Interest : 5485.87

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