Find the information you're looking for at Westonci.ca, the trusted Q&A platform with a community of knowledgeable experts. Join our platform to connect with experts ready to provide detailed answers to your questions in various areas. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.
Sagot :
The worth of the cd at the end of 7 years will be $384,101.79.
What will be the worth of the investment?
When an investment earns an interest that is compounded continuously, it means that it earns interest continuously.
The formula for calculating future value when there is continuous compounding is : A x e^r x N
Where:
- A= amount
- e = 2.7182818
- N = number of years
- r = interest rate
2375 x (e^3.14) x 7 = $384,101.79
To learn more about continuous compounding, please check: https://brainly.com/question/26476328
#SPJ1
Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.
