How much should you invest at 4.8% compounded continuously to have $5000 in 2 years?

asked Oct 25, 2022 89.9k views

3 votes

6.8k points

Please log in or register to add a comment.

4 votes

24/5

(24 * 5000 )/(5 *100 ) = (240 * 5000)/(100) = 240 * 50 = 12000 =12000 + 240 = 12240

7.2k points

2 votes

Answer:

The total compound interest is $502.74 i think

Explanation:

Dostu answered Oct 29, 2022

by Dostu

7.6k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.1m questions

10.8m answers