Find the value of an investment

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1. Continuous compound interest. Find the value of an investment of $10,000 in 12 years if it earns an annual rate of 3.95% compounded continuously.

2. Continuous compound interest. Find the value of an investment of $24,000 in 7 years if it earns an annual rate of 4.35% compounded continuously.

Reference no: EM131268369

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