Ask a New Question

find the amount of money accumulated if you invested $10,000 at 5.4% interest for 8 years compounded continuously.

1 answer

the total will be

10000*e^(8*.054) = 15,403.35

Ask a New Question or answer this question.

Similar Questions

Find the accumulated amount A if the principal, P = $3700 is invested at the interest rate r = 7%/year for t = 12.5 years
1. 2 answers
Determine the amount of money that will be accumulated in an account that pays compound interest, given the initial principal
1. 1 answer
Determine the amount of money that will be accumulated in an account that pays compound interest, given the initial principal
1. 1 answer
Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years.P = $24,000, r = 7%,
1. 1 answer

more similar questions