+0  
 
0
590
1
avatar

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?

 Sep 27, 2017

Best Answer 

 #1
avatar
+2

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

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

0 Online Users