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Find the value of a $4900 investment at3.9% compounded continuously for 12 years.?


Find the value of a $4900 investment at3.9% compounded continuously for 12 years.?

Compounded Continously's Formula is A= Pe^rt so, it'd be

A= (4900) e ^ (.039)(12)

or Interest Earned about $2293 and final amount about $7193

Find it yourself.

The answer is $7755.02.

Not enough information. Compounded continuously??

Try http://www.moneychimp.com they have several compounding calculators but you will have to determine how often the compounding occurs to get an answer.

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