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Using your calculator, find the money accumulated if i invested $65,000 at 7.3% interest for 10 years compounded continuously.

Using your calculator, find the money accumulated if i invested $65,000 at 7.3% interest for 10 years compounded continuously.
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2 votes
using your calculator, find the money accumulated if i invested $65,000 at 7.3% interest for 10 years compounded continuously.

User FatalKeystroke
by
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1 Answer

3 votes
this is for one year with annual compound

A = 65000(1 + .073/1)^1
A = 69745 total

thus, the money made is $4745 interes
User Puffin
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8.0k points
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