Answered

Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Discover solutions to your questions from experienced professionals across multiple fields on our comprehensive Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

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're always here to provide accurate and up-to-date answers to all your queries. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.