If you receive $100,000 today and can invest it at a 6% annual rate, compounded continuously,...

Question

Question

If you receive $100,000 today and can invest it at a 6% annual rate, compounded continuously, what will be your ending value after 15 years?

business finance

Answer 1

Answer #1

Value after 15 years = Present value e^r*t

Value after 15 years = 100,000e^0.06*15

Value after 15 years = 100,000 * 2.459603

Value after 15 years = $245,960.31

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Answer 2

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