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This formula provides the future value (A) based on continuously compounded interest at a fixed interest rate.
INPUTS
The inputs are as follows:
- A0 - the initial value prior to compounding interest
- r - the periodic interest rate input as a percentage; i.e., enter 2 for a 2% annual interest rate
- t - the number of compounding periods (e.g. years)
NOTES
This equation is based on the formula: A0⋅er⋅t. The value r is divided by 100 to let the user enter the annual interest rate as a percentage.