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How much would $125 invested at 8% interest compounded continuously be worth after 16 years? Round your answer to the nearest cent.

 May 15, 2015

Best Answer 

 #1
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Formula:  A = Pert

P = initial amount = 125     r = yearly rate (as a decimal) = 0.08     t = number of years = 16

A  =  125e0.08x16  =  $449.58

 May 15, 2015
 #1
avatar+23245 
+5
Best Answer

Formula:  A = Pert

P = initial amount = 125     r = yearly rate (as a decimal) = 0.08     t = number of years = 16

A  =  125e0.08x16  =  $449.58

geno3141 May 15, 2015

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