SOLUTION: If you invest $2000 compounded continuously at 3% per annum, how much will this investment be worth in 4 years?

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Question 1163394: If you invest $2000 compounded continuously at 3% per annum, how much will
this investment be worth in 4 years?
Answer by ikleyn(52884) About Me  (Show Source):
You can put this solution on YOUR website!
.

The formula for the future value is


    FV = 2000%2Ae%5E%280.03%2At%29 = 2000%2Ae%5E%280.03%2A4%29.


Use your calculator.

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To see other similar problems solved, look into the lesson
    - Problems on continuously compounded accounts
in this site.

Also,  you have this free of charge online textbook in ALGEBRA-I in this site
    - ALGEBRA-I - YOUR ONLINE TEXTBOOK.

The referred lesson is the part of this online textbook under the topic "Logarithms".


Save the link to this online textbook together with its description

Free of charge online textbook in ALGEBRA-I
https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson

to your archive and use it when it is needed.