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Suppose you invest $1500 at an annual interest rate of 3.4% compounded continuously. How much will you have in the account after 30 years?

 May 15, 2016
 #1
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Your $1,500 should be worth=$4,159.79 after 30 years @ 3.4% comp. continuously.

 May 15, 2016
 #2
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I agree with Guest1 ,....here is the calculation:

 

FV = PV e^(.034n) = 1500 e^(.034 x 30)= 4159.79

 May 15, 2016

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