Question

If 3,000,000 is invested at 6% intrest compounded continuously how much will the investment be worth in 35 years

Answer 1

24,498,509.74

Explanation:

Ap Ex Certified

Answer 2

The formula is

A=p e^rt

A future value?

P present value 3000000

e constant

R interest rate 0.06

T time 35 years

A=3,000,000×e^(0.06×35)

A=24,498,509.73

Hope it helps!