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Complete the table to determine the balance A for $20,000 invested at rate r = 6% for t years, compounded continuously.

chart looks like this:
t 10 20 30 40 50
A ___ ___ ___ ___ ____
I need to answer A

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2 answers

  1. I will do the first one for t=10
    you do the others the same way

    in general: A = 20000 e^(rt) , were r is the rate in decimals

    if t = 10
    A = 20000(e^(.06(10))
    = 36442.38

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  2. You have given me a lot to think about here. Thanks

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