Question
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
Chopsticks
Try
3000e^(.09 x 3)
3000e^(.09 x 3)