Answered

Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Discover comprehensive solutions to your questions from a wide network of experts on our user-friendly platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Find the value of an investment of $20,000 for 14 years at an
annual interest rate of 3.85%
compounded continuously.

Sagot :

Answer:

Step-by-step explanation:

continuous compounding formula

FV = PV e^(it)

FV = 20 000 e^(.0385 * 14) = $34285.83

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.