If ​$8000 is invested at 5​% compounded​ continuously, what is the amount after 4 ​years? The amount after 4 years will be?

IJzerboor07

IJzerboor07

Answered question

2022-09-09

If ​$8000 is invested at 5​% compounded​ continuously, what is the amount after 4 ​years? The amount after 4 years will be?

Answer & Explanation

Zayden Dorsey

Zayden Dorsey

Beginner2022-09-10Added 18 answers

A = P ( 1 + r 100 ) n
A = the future value of the investment including interest
P = the principal investment amount
r = annual interest rate
n = no. of years.
P=$8000, n= 4 years
A = $ 9724

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