lovetatyana77 lovetatyana77
  • 11-05-2020
  • Mathematics
contestada

If $3,000,000 is invested at 6% interest compounded continuously, how much
will the investment be worth in 35 years?

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 13-05-2020

Answer:

  $24,498,509.74

Step-by-step explanation:

The formula for the value as a function of time is ...

  V(t) = P·e^(rt)

Filling in the numbers and doing the arithmetic, we have ...

  V(35) = 3,000,000·e^(0.06·35) ≈ 24,498,509.74

Compounded continuously for 35 years, the investment will be worth $24,498,509.74.

Answer Link
507352 507352
  • 07-04-2021

Answer: 24,498,509.74

Step-by-step explanation:

Ap.ex

Answer Link

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