Time continuously compound the interest

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Assume you invest $25,000 into an account with an 11% APR. Interest is compounded monthly. How much will you have in 25 years? How much more is this amount than if you compounded interest yearly?

But this time continuously compound the interest? How do the effective rates (APY) differ between yearly, monthly, and continuously compounding interest for this problem?

Reference no: EM13925249

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