SOLUTION: How much would $300 invested at 7% interest compounded continuously be worth after 4 years? Round your answer to the nearest cent. Do not include units in your answer. A(t)=P(e)^r(
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Question 636103: How much would $300 invested at 7% interest compounded continuously be worth after 4 years? Round your answer to the nearest cent. Do not include units in your answer. A(t)=P(e)^r(t)
This is just an arithmetic problem, albeit one that you need to do on your calculator. , is the base of the natural logs, so raising to a power on the built-in Windows or Mac calculators is the inverse of taking the natural log, , and
John
My calculator said it, I believe it, that settles it
