posted by .

how much will a $10000 investment compounded continuously at 8% be worth in 10 year?

  • math -

    P = Po*e^rt.

    P = Principal amount after 10 years.

    Po = $10,000 = Initial investment.

    rt = (8%/100%) * 10yrs = 0.80.

    Solve the given Eq.
    Answer: $22,255.41.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Algebra II

    I'm pretty confused about these problems. We're learning growth and decay, but there are quite a few formulas. 1. Suppose $500 is invested at 6% annual interest compounded twice a year. When will the investment be worth $1000?
  2. Calc.

    Using calculus: If you invest $5000 compounded continuously at 4% p.a. how much will this investment be worth in 5 years?
  3. business math

    How long, to the nearest year, will it take an investment to triple if it is continuously compounded at 16% per year?
  4. Calculus

    An investment grows ar a rate of 2.5% each year compounded continuously. Approximately how long will it take the investment to double?
  5. Business Math

    How long will it take a $400 investment to be worth $700 if it is continuously compounded at 12% per year?
  6. Calc

    How much money will we have in 6 months if we invest $1000 into an account earning 8% compounded continuously?
  7. math

    How long will it take for an investment of $13,000 to double if the investment earns interest at the rate of 6%/year compounded continuously?
  8. math

    Suppose that you have $12,500 to invest over a 4 year period. There are two accounts to choose from: 4.5% compounded monthly or 4.3% compounded continuously. a. Write the formula for the first account’s compound interest for n compounding …
  9. math

    find the accumulated value of an investment of $10000 for 5 years at an interest rate of 5.5% if the money is a. compounded semiannually; b. compounded monthly; c. compounded continuously.
  10. pre calculus

    Which is worth more after 5 years, an investment of $1000 at 5% interest compounded semi - annually(twice a year). or an investment of $1000 at 5% interest compounded continuously?

More Similar Questions