SOLUTION: If $2800 is deposited at 6% compounded continuously what will be the future amount 10 years

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Question 608914: If $2800 is deposited at 6% compounded continuously what will be the future amount 10 years
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
 

Hi

Note: compounded Continuously...A = Pe^(rt)

$2800 is deposited at 6% compounded continuously for 10 yrs

A = $2800e^(.06·10) = $5101.93