SOLUTION: What interest will be earned if $4000 is invested for 6 years at 8% compounded continously?

SOLUTION: What interest will be earned if $4000 is invested for 6 years at 8% compounded continously?

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Question 133930: What interest will be earned if $4000 is invested for 6 years at 8% compounded continously?
Answer by vleith(2983) (Show Source): You can put this solution on YOUR website!
Look here --> http://www.moneychimp.com/articles/finworks/continuous_compounding.htm
Formula is where FV is the final value, P is the principle, Y is the number of years and r is the rate. e is "e".

FV = 6464.30
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