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Sagot :
The future value with continuous compounding is $127,420.39.
What is the future value?
The formula for calculating future value when there is continuous compounding is : A x e^r x N
Where:
- A= amount
- e = 2.7182818
- N = number of years
- r = interest rate
15,000 x (e^0.06) x 8 = $127,420.39
To learn more about continuous compounding, please check: https://brainly.com/question/26476328
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