How much would $125 invested at 8% interest compounded continuously be worth after 16 years? Round your answer to the nearest cent.

asked Sep 25, 2021 146k views

2 votes

How much would $125 invested at 8% interest compounded

continuously be worth after 16 years? Round your answer to
the nearest cent.

7.8k points

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2 votes

$125 invested at 8% interest compounded continuously would be worth $449.58 after 16 years

Jan Gassen answered Sep 26, 2021

7.3k points

5 votes

Answer:

A=Pe^(rt)

Fill in principal, rate as a decimal and time in years. Use 'e' on the calculator.

$449.58

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