Asked by Amber
Find the accumulated value of an investment of $3000 at 9% compounded continuously for 3 years.
Isn't the formula 3000e(0.09)x(3)??..which would be $2,201.81...but its wrong?!!..any suggestions would be greatly appreciated
Isn't the formula 3000e(0.09)x(3)??..which would be $2,201.81...but its wrong?!!..any suggestions would be greatly appreciated
Answers
Answered by
Chopsticks
Try
3000e^(.09 x 3)
3000e^(.09 x 3)
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