SOLUTION: an original investment of $12,000 earns 6.00% interest compounded continuously. what will the investment be worth in 10 years? A=Pe^rt
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Question 931619: an original investment of $12,000 earns 6.00% interest compounded continuously. what will the investment be worth in 10 years? A=Pe^rt
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
an original investment of $12,000 earns 6.00% interest compounded continuously. what will the investment be worth in 10 years?
A(t) = Pe^rt
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A(10) = 12000*e^(0.06*10) = 12000*e^0.6 = $21865.43
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Cheers,
Stan H.
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