1. What is the compound interest if $410 is invested for 10 years at 8% compounded continuously?...

Question:

1. What is the compound interest if $410 is invested for 10 years at 8% compounded continuously?

2. If $8000 is invested at 8.5% compounded continuously, find the future value after 412 years?

Compound Interest
Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan. Thought to have originated in 17th century Italy, compound... Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...