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If $625 is invested at an interest rate of 7% per year and is compounded continuously, how much will the investment be worth in 12 years.

If $625 is invested at an interest rate of 7% per year and is compounded continuously, how much will the investment be worth in 12 years.
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4 votes
If $625 is invested at an interest rate of 7% per year and is compounded continuously, how much will the investment be worth in 12 years.

User Timseal
by
8.7k points

1 Answer

4 votes

Answer: 1407.62

Step-by-step explanation:
625(1 + 0.07)^(12) = 1407.62

User Shino C G
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7.4k points
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