## What is the total amount for an investment of $1000 invested at 7.25% for 15 years and compound continuously?

Question

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## Answers ( )

Answer:Step-by-step explanation:we know that

The formula to calculate continuously compounded interest is equal to

where

A is the Final Investment Value

P is the Principal amount of money to be invested

r is the rate of interest in decimal

t is Number of Time Periods

e is the mathematical constant number

we have

substitute in the formula above