Question: With continuous compounding at 8% p.a. for 20 years, what is the approximate future value of a $20,000 initial investment (rounded to the nearest dollar)?

With continuous compounding at 8% p.a. for 20 years, what is the approximate future value of a $20,000 initial investment (rounded to the nearest dollar)?

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With continuous compounding at 8 percent for 20 years, what is the approximate future value of a $20,000 initial investment?

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