Question
Use the compound interest formulas A = P(1 + r/n)nt and A = Pe^rt to solve.
Find the accumulated value of an investment of $3000 at 9% compounded continuously for 3 years.
Find the accumulated value of an investment of $3000 at 9% compounded continuously for 3 years.
Answers
what's the problem? You have the formula and the numbers. Plug and chug. The only hard part is picking the proper formula.
We'll be happy to check what you get.
We'll be happy to check what you get.
Related Questions
*solve execises by using compounded interest formula
Principal $ 700
Time period 8years...
Use the compound interest formulas A = Pert and A = P(1 + 𝑟/n)^nt to solve.
Suppose that you have...
Solve the following by using the present value formula.
Compound Amount- $700
Time Period(year...
Use the compound interest formulas A=P (1+r/n)^nt and A =Pe^rt to solve the problem given. Round ans...