SOLUTION: Suppose $2000 is invested at 5.75% annual interest compounded continuously for 20 months. How much will the investment be worth at the end of 20 months?

SOLUTION: Suppose $2000 is invested at 5.75% annual interest compounded continuously for 20 months. How much will the investment be worth at the end of 20 months?

Algebra.Com

Question 735631: Suppose $2000 is invested at 5.75% annual interest compounded continuously for 20 months. How much will the investment be worth at the end of 20 months?

Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=2000(2.7183)^20/12*0.0575
A=2000(1.1)
A=$2200
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