How much money does Donald have after 5 years if he invested $15,000 at 1.75% compounded continuously?

Garrett Berneche asked Sep 13, 2023

275,187 views

29 votes

Garrett Berneche asked Sep 13, 2023

2.7k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

8 votes

Answer:

$ 16371.63

Explanation:

Future Value = present value * e^(i*t)

FV = 15000 e^(.0175 * 5 ) = 16371.63

Rnxfod answered Sep 18, 2023

3.0k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

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

1.6m questions

2.0m answers