If $3 million is invested at 6% interest compounded continuously how much will the investment be worth in 35 years

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asked Jul 7, 2018 41.5k views

1 Answer

Mconlin · Answer 1 · 2018-07-12T06:52:07+0000

P=$3000000 , r=6% , n=365 and t=35 years

A= 3000000 (1 +0.06/365)³⁶⁵ˣ³⁵
A= 3000000 * 1.000164¹²⁷⁷⁵
A= 3000000 * 8.124858
A= 24374574

A = P+I
2437457.4 =3000000+I
I =2437457.4−3000000
I =21374574

If $3 million is invested at 6% interest compounded continuously how much will the investment be worth in 35 years

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