en

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular >

Find the accumulated value of an investment of 6000 at 8% compounded continuously for 4 years.

Solution

Find the accumulated value of an investment of 6000 at 8% compounded continuously for 4 years.

Solution

Amount : 8262.77

Solution steps

Translate the problem into an equation:

A = 6000 e^{0.08 \cdot 4}

6000 e^{0.08 \cdot 4} = 8262.76658 \dots

Round to the nearest hundredth:

8262.77

Amount : 8262.77

Popular Examples

given a standard 52card deck what is the probability of picking a 5 and then picking a 6 eight times the difference of a number and seventeen is thirty Joel and Asia have a new grandson. How much money should they invest now so that he will have 73,000 for his college education in 18 years? The money is invested at 4.7% compounded quarterly.You invest 1000 into your bank account. The account has an interest 5%, compounded monthly.How many years would it take for your to have 2000.Find two consecutive whole numbers that sqrt(79) lies between.