SOLUTION: Complete the table to determine the balance A for $12,000 invested at a rate of 4% for t years compounded continuously
t= 1, 10, 20, 30, 40, 50
Question 771084: Complete the table to determine the balance A for $12,000 invested at a rate of 4% for t years compounded continuously
t= 1, 10, 20, 30, 40, 50 Answer by solver91311(24713) (Show Source):
For continuous compounding, , where is the future value, is the present value, is the rate expressed as a decimal, and is the number of years of the investment. is the base of the natural logarithms; use Inverse ln on your Windows or Mac built-in calculator.
Plug in your various values for and do the arithmetic.
John
Egw to Beta kai to Sigma
My calculator said it, I believe it, that settles it
