what if you invest $200 with a 11.74% rate compounded continously for 4 years, what will...

Question

Question

what if you invest $200 with a 11.74% rate compounded continously for 4 years, what will the total be?

business finance

Answer 1

Answer #1

Future value = present value * ert

where r = continously compounded rate. This is 11.74%, or 0.1174.

t = number of years. This is 4.

Future value = $200 * e0.1174*4

Future value = $319.87

Answer 2

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