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Populaire Word Problems >

Find the accumulated value of an investment of 6000 at 8% compounded continuously for 4 years.

Solution

F in d t h e a cc u m u l a t e d v a l u e o f an in v es t m e n t o f 6000 a t 8% co m p o u n d e d co n t in u o u s l y f or 4 ye a rs .

Solution

Amount : 8262.77

étapes des solutions

Translate the problem into an equation:

A = 6000 e^{0.08 \cdot 4}

6000 e^{0.08 \cdot 4} = 8262.76658 \dots

Arrondir à hundredth la plus proche:

8262.77

Amount : 8262.77

Exemples populaires

given a standard 52card deck what is the probability of picking a 5 and then picking a 6 eight times the différence of a number and seventeen is thirty Joel and Asia have a new grandson. How much money should they invest now so that he will have 73,000 for his college education in 18 years? The money is invested at 4.7% compounded quarterly.You invest 1000 into your bank account. The account has an interest 5%, compounded monthly.How many years would it take for your to have 2000.Find two consecutive whole numbers that sqrt(79) lies between.