Mathematics, 01.10.2019 22:00 anaaaa46

How much would $500 invested at 6% interest compounded continuously be worth after 5 years?

a(4)=500(1+0.06/12)^12(4)
=500(1.005)^48
=635.24458054. =635.24

Answers: 1

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How much would $500 invested at 6% interest compounded continuously be worth after 5 years?
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More questions: Mathematics Another questions

How much would $500 invested at 6% interest compounded continuously be worth after 5 years? a(4)=500(1+0.06/12)^12(4) =500(1.005)^48 =635.24458054. =635.24

Answers

Another question on Mathematics

How much would $500 invested at 6% interest compounded continuously be worth after 5 years?

a(4)=500(1+0.06/12)^12(4)
=500(1.005)^48
=635.24458054. =635.24