If 6,000 is invested at 8% compounded countinously, what is the amount after 4 years? the...

If 6,000 is invested at 8% compounded countinously, what is the amount after 4 years?

the answer is 8,262.77 but i want to see how to solve it!

Solutions

Expert Solution

Future value = present value x e^i x t

Future value = $6,000 x e^0.08x4

Future value = $8,262.7666

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jeff jeffy answered 2 years ago

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