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Compound Interest (Continuously) - Problem 4 466 views

As the number of times the interest rate is compounded approaches infinity, we get a new equation for compounded interest that is explained here. The base approaches the constant "e," which is approximately 2.72.... . In order to solve for different parameters in this equation, remember to write the interest rate as a decimal and be prepared to use natural logs to solve for a variable in the exponent.

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