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How much would $500 invested at 6% interest compounded continuously be worth after 5 years? Answer: A(4)=500(1+0.06/12)^12(4) =500(1.005)^48 =635.24458054. =635.24

How much would $500 invested at 6% interest compounded continuously be worth after 5 years? Answer: A(4)=500(1+0.06/12)^12(4) =500(1.005)^48 =635.24458054. =635.24
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How much would $500 invested at 6% interest compounded continuously be worth after 5 years?

Answer: A(4)=500(1+0.06/12)^12(4)
=500(1.005)^48
=635.24458054. =635.24

User Vishal Zanzrukia
by
7.7k points

1 Answer

1 vote
I’ll go with A four to five hundred
User Cmani
by
7.4k points
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