Question: The continuous compound interest formula is given by A=Pert A=Pe^rt where A is the accumulated amount, after an initial investment of P dollars is invested
The continuous compound interest formula is given by A=Pert A=Pe^rt where A is the accumulated amount, after an initial investment of P dollars is invested for t years, at annual interest rate r, compounded continuously. Use the formula above to determine the accumulated amount for each of the following different scenarios. Round solutions to the nearest cent. If $46,000 is invested for 14 years and earns 4.5% interest, compounded continuously, the accumulated amount is: A= If $24,000 is invested for 25 years and earns 9.5% interest, compounded continuously, the accumulated amount is: A= If $30,000 is invested for 29 years and earns 3.5% interest, compounded continuously, the accumulated amount is: A= If $42,000 is invested for 15 years and earns 7.5% interest, compounded continuously, the accumulated amount is: A=
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