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 5000 at 7% compounded continuously for 4 years.

Solution

Find the accumulated value of an investment of 5000 at 7% compounded continuously for 4 years.

Solution

Amount : 6615.65

Solution steps

Translate the problem into an equation:

A = 5000 e^{0.07 \cdot 4}

5000 e^{0.07 \cdot 4} = 6615.64906 \dots

Round to the nearest hundredth:

6615.65

Amount : 6615.65

Popular Examples

two more than the quotient of a number and 6 equals 9 The sum of three consecutive integers is-48.Find the three integers.if you borrow \$1,000 for 4 years at an annual interest rate of 8%, what is the total amount of money you will pay back?The diameter of a circle is 36 miles. What is the circle's circumference?How much money should be deposited today in an account that earns 7 % compounded semiannually so that it will accumulate to 13 comma 000 in three years?