ddangon7 ddangon7
  • 25-07-2018
  • Mathematics
contestada

How much would $100 invested at 8% interest compounded continuously be worth after 15 years?

Respuesta :

onlylt onlylt
  • 25-07-2018

13,761 dollars. I checked this with a interest calculator

Answer Link
wolf1728
wolf1728 wolf1728
  • 25-07-2018

Total = Principal * e ^ (rate * years)


Total = 100 * 2.718281828^(.08 * 15)


Total = 100 * 3.3201169221


Total = 332.01169221


Total = 332.01 (rounded)


Source

1728.com/rate2.htm



Answer Link

Otras preguntas

Twice a number added to six is fewer than the product of two and four less than the same number
What type of function does a project management tool have that a task management tool does not? file sharing Oprogress tracking commenting budgeting
what is dbr in om???​
Density is defined as Responses A volume/massvolume/mass B length to mass ratiolength to mass ratio C mass to length ratiomass to length ratio D mass/volumemass
residence halls are typically found at all the following schools except
7. Where did Zora gain her lingual abilities? How did these abilities aid her and her father's careers?
-3x^2-24x+7=0 is written in the form (x-p)^2=q
How was the Gulf of Tonkin Resolution received in Congress? A. It was nearly unanimously supported B. They were actively opposed to it C. It divided Congress by
Question: How did the countries in the Middle East develop in the time following their independence through the end of the Cold War?
you need an electronic record. You put a sticky note on your colleagues' desk