Question
how much will a $10000 investment compounded continuously at 8% be worth in 10 year?
Answers
Henry
P = Po*e^rt.
P = Principal amount after 10 years.
Po = $10,000 = Initial investment.
rt = (8%/100%) * 10yrs = 0.80.
Solve the given Eq.
Answer: $22,255.41.
P = Principal amount after 10 years.
Po = $10,000 = Initial investment.
rt = (8%/100%) * 10yrs = 0.80.
Solve the given Eq.
Answer: $22,255.41.