SOLUTION: find the accumulated value of an investment of $8,000 at 9% compounded continuously for 4 years.

Algebra ->  Finance -> SOLUTION: find the accumulated value of an investment of $8,000 at 9% compounded continuously for 4 years.      Log On


   

Question 156807: find the accumulated value of an investment of $8,000 at 9% compounded continuously for 4 years.
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
8,000(e)^rt
8,000*1.732^.09*4
8000*1.732^.36
8,000*1.433=$11,466.64 Value of the 4 year investment @9% continuous compounding.