SOLUTION: An original investment of $12,000 ears 6.25% interest compounded continuously. What will the investment be worth in 1 year? 10 years?
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Question 907784: An original investment of $12,000 ears 6.25% interest compounded continuously. What will the investment be worth in 1 year? 10 years?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
A = P e ^(rt)
A = $12,000e ^(.0625) 1year
A = $12,000e ^(.625) 10 years
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