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InsanelyChaotic
 2 years ago
If $535 is invested at an interest rate of 6% per year and is compounded continuously, how much will the investment be worth in 10 years?
InsanelyChaotic
 2 years ago
If $535 is invested at an interest rate of 6% per year and is compounded continuously, how much will the investment be worth in 10 years?

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InsanelyChaotic
 2 years ago
Best ResponseYou've already chosen the best response.3my answer is $973.38

kelly226
 2 years ago
Best ResponseYou've already chosen the best response.2F = Pe^rt = 535e^(0.06*18) = $1575.40

InsanelyChaotic
 2 years ago
Best ResponseYou've already chosen the best response.3thank you!!!!!!!! you ROCK

InsanelyChaotic
 2 years ago
Best ResponseYou've already chosen the best response.3wait, would i do that x ten though?

InsanelyChaotic
 2 years ago
Best ResponseYou've already chosen the best response.3my options: $1307.12 $974.83 $973.38 $403.43

kelly226
 2 years ago
Best ResponseYou've already chosen the best response.2ummm... well if u did X ten what would u get?

InsanelyChaotic
 2 years ago
Best ResponseYou've already chosen the best response.3it would have to be a lower number, given the answer choices

kelly226
 2 years ago
Best ResponseYou've already chosen the best response.2yea.. actually i think its $973.38..

InsanelyChaotic
 2 years ago
Best ResponseYou've already chosen the best response.3perhaps. thank you:)

kelly226
 2 years ago
Best ResponseYou've already chosen the best response.2Since the compounding is continuous, the base must e. A=Pert, so A = 535e (.06)(10) which is $974.83 :)

InsanelyChaotic
 2 years ago
Best ResponseYou've already chosen the best response.3thank you!!!!!!!!!!
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