If 3,000,000 is invested at 6% intrest compounded continuously how much will the investment be worth in 35 years
1 answer:
The formula is
A=p e^rt
A future value?
P present value 3000000
e constant
R interest rate 0.06
T time 35 years
A=3,000,000×e^(0.06×35)
A=24,498,509.73
Hope it helps!
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