The Natural Base, e

You invest $500 at 3.25% interest rate compounded continuously for 11.6 years.

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07-02-2018
Mathematics

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The Natural Base, e

You invest $500 at 3.25% interest rate compounded continuously for 11.6 years.

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LammettHash LammettHash · Answer 1 · 2018-02-07T18:26:57+01:00

LammettHash LammettHash

07-02-2018

[tex]500\times e^{0.0325\times11.6}\approx728.95[/tex]

assuming you're asked to find out the value of the investment after 11.6 years given an interest rate of 3.25% compounded continuously.

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The Natural Base, e You invest $500 at 3.25% interest rate compounded continuously for 11.6 years.

Respuesta :

Otras preguntas

The Natural Base, e

You invest $500 at 3.25% interest rate compounded continuously for 11.6 years.