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How much money would be in an account if $ 2000 is deposited at 5% interest compounded continuously and the money is left for 10 years?

Guest Sep 27, 2017

Best Answer 

 #1
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FV = PV x  e^RT

FV = 2,000 x e^(.05*10)

FV = 2,000 x e^0.5

FV = 2,000 x  1.648721271......

FV =$3,297.44

Guest Sep 27, 2017
edited by Guest  Sep 27, 2017
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1+0 Answers

 #1
avatar
+2
Best Answer

FV = PV x  e^RT

FV = 2,000 x e^(.05*10)

FV = 2,000 x e^0.5

FV = 2,000 x  1.648721271......

FV =$3,297.44

Guest Sep 27, 2017
edited by Guest  Sep 27, 2017

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