SOLUTION: You invest $10,000 with interest compounded continuously at 4% per year. How much will the investment be worth after 2 years? So I know the formula is Inves.e^r*t at least I thi

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Question 930490: You invest $10,000 with interest compounded continuously at 4% per year. How much will the investment be worth after 2 years?
So I know the formula is Inves.e^r*t at least I think thats right.
So I get 10,000e^.04*2, but I dont know where to go from there.
Answer by MathTherapy(10551) About Me  (Show Source):
You can put this solution on YOUR website!

You invest $10,000 with interest compounded continuously at 4% per year. How much will the investment be worth after 2 years?
So I know the formula is Inves.e^r*t at least I think thats right.
So I get 10,000e^.04*2, but I dont know where to go from there.
That's a good start.

A+=+Pe%5E%28rt%29, with A being the accumulated amount, or FUTURE VALUE after 2 years

A+=+10000e%5E%28%28.04%2A2%29%29

A+=+10000e%5E.08

A+=+10000%281.08328706617153%29, or $highlight_green%2810832.87%29

You can do the check!! 

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