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Calculating the future value in case of continuously compounding

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What is the future value of investing $3,000 for 3/4 year at a continuously compounded rate of 12%?

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Solution Summary

The solution depicts the steps to estimate the future value in the given case.

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Principal Amount=P=$3000

Rate of interest=12%

Number of ...

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Education
  • BEng (Hons) , Birla Institute of Technology and Science, India
  • MSc (Hons) , Birla Institute of Technology and Science, India
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