SOLUTION: 10. Consider a CD paying 3.6% APR compounded continuously. Find the future value of the CD if you invest $3250 for a term of four years.

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Question 1041192: 10. Consider a CD paying 3.6% APR compounded continuously.
Find the future value of the CD if you invest $3250 for a term of four years.
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
Consider a CD paying 3.6% APR compounded continuously.
Find the future value of the CD if you invest $3250 for a term of four years.
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FV = PV*e^(rt)
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r = 0.036
t = 4
PV = 3250