Register
How much money must you invest now at ​4.4% interest compounded continuously in order to have​ $10,000 at the end of ​6 years?
151k views
1 vote
How much money must you invest now at ​4.4% interest compounded continuously in order to have​ $10,000 at the end of ​6 years?

User Yosem
by
6.8k points

1 Answer

2 votes
Oh gosh i have not done this since 8th grade! Ok I think it is, A= $ 12,948.1
Im sorry if it is wrong, A=P(1+r/n) ^nt
User Niek De Klein
by
7.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.9m questions

10.6m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
Link Copied!