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What is the compound interest if $176,000 is invested for 6 years at 8% compounded continuously. The interest is S - (Round to 2 decimal places.)

What is the compound interest if $176,000 is invested for 6 years at 8% compounded continuously. The interest is S - (Round to 2 decimal places.)

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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What is the compound interest if $176,000 is invested for 6 years at 8% compounded continuously. The interest is $ (Round to 2 decimal places.)
Transcribed Image Text:What is the compound interest if $176,000 is invested for 6 years at 8% compounded continuously. The interest is $ (Round to 2 decimal places.)
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