P-$1,500 i=0.048 n=20 A=$

Compound Interest over time is what the equation is asking
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The maximum compound interest is continuous compound interest P(n)=P₀e^(rn) where r=annual interest rate and n is the number of years. So P(20)=1500e^20*0.048=1500e^0.96=$3917.54. Interest is $2,417.54.

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