Answered: What is the compound interest if…

What is the compound interest if $110,000 is invested for 6 years at 8% compounded continuously. If needed, round to 2 decimal places.

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter1: Equations, Inequalities, And Mathematical Modeling

Section1.6: Other Types Of Equations

Problem 9ECP: You deposit $2500 in a long-term investment in which the interest is compounded monthly. After 5...

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A: Compound interest

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What is the compound interest if $110,000 is invested for 6 years at 8% compounded continuously. If needed, round to 2 decimal places.

**pls help me on a clear worksheet with accurate solution**

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