Question: Find the compound amount and the interest earned when the given investment has continuous compounding. $130,000 at 4.8% for 17 years O A. The compound

 Find the compound amount and the interest earned when the given

Find the compound amount and the interest earned when the given investment has continuous compounding. $130,000 at 4.8% for 17 years O A. The compound amount is $308,442.19, and the interest earned is $178,442.19. O B. The compound amount is $13,639 22, and the interest earned is $6,392. 19. OC. The compound amount is $293,986.67, and the interest earned is $163,986.67. OD. The compound amount is $140,608.00, and the interest earned is $10.608.00

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!