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Find the future value for a $100,000 investment for 12 years at a compounded continuously at 2.1%?
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Find the future value for a $100,000 investment for 12 years at a compounded continuously at 2.1%?

User Toam
by
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1 Answer

7 votes

Answer:

128659.6037

Explanation:

contiously compounding interest formula:

PV(e^(i*t))

100000e^(.021*12)=128659.6037

User Tim Skov Jacobsen
by
8.3k points
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