[Solved] Investment If $1000 is invested at an annual rate of 3 \% compounded continuously, find the compound amount at the end of eight
Question: Investment If $1000 is invested at an annual rate of \(3 \%\) compounded continuously, find the compound amount at the end of eight years.
Deliverable: Word Document 
![[Steps Shown] Trust Fund A trust fund](/images/solutions/MC-solution-library-52534.jpg "[Steps Shown] Trust Fund A trust fund is being set up by a single")
[Steps Shown] Trust Fund A trust fund is being set up by a single
![[Step-by-Step] Find the effective rate that corresponds](/images/solutions/MC-solution-library-52535.jpg "[Step-by-Step] Find the effective rate that corresponds to the")
[Step-by-Step] Find the effective rate that corresponds to the
(Solution Library) Investment Presently, the Smiths have $50,000
![[Solution Library] What annual rate r compounded](/images/solutions/MC-solution-library-52537.jpg "[Solution Library] What annual rate r compounded continuously is")
[Solution Library] What annual rate r compounded continuously is
![[Solution Library] If interest is compounded continuously,](/images/solutions/MC-solution-library-52538.jpg "[Solution Library] If interest is compounded continuously, at")
[Solution Library] If interest is compounded continuously, at
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