SOLUTION: An initial investment of $3,000 earns 8% interest compounded continuously. What will the investment be worth in 16 years? (Round your answer to the nearest cent.) $

Algebra.Com
Question 819989: An initial investment of $3,000 earns 8% interest compounded continuously. What will the investment be worth in 16 years? (Round your answer to the nearest cent.)
$

Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 
Hi,
investment of $3,000 earns 8% interest compounded continuously.
What will the investment be worth in 16 years?
A = P e ^(rt) =

RELATED QUESTIONS

An initial investment of $3,000 earns 8% interest compounded continuously. What will the... (answered by Theo)
An initial investment of $3,000 earns 7% interest compounded continuously. What will the... (answered by ikleyn)
an original investment of $12,000 earns 6.00% interest compounded continuously. what will (answered by stanbon)
I need help with this question. An intial investment of $5000 earns 8% interst,... (answered by solver91311)
An original investment of $12,000 ears 6.25% interest compounded continuously. What will... (answered by ewatrrr)
Suppose an investment account is opened with an initial deposit of $10500 earning 6.25%... (answered by greenestamps)
A local university is planning to invest $500,000 every 3 months in an investment which... (answered by CPhill)
A local university is planning to invest $500,000 every 3 months in an investment which... (answered by Theo)
a local university is planning to invest $ 500,000 every 3 months in an investment which... (answered by ikleyn)