An investment of $25,000 earns 2.65% annual interest and is compounded continuously. If no funds are added or removed from this account, what is the future value of the investme…

Question

asked Jun 1, 2024 95.0k views

1 Answer

Oggmonster · Answer 1 · 2024-06-08T12:32:42+0000

Answer:

End Balance $28,492.78

Starting Amount $25,000.00

Total Contributions $0.00

Total Interest $3,492.78

Explanation:

A=P(1+r/n)nt