Find the future value P of the amount Po = $200,000 invested for time period t = 2 years at interest rate k = 6%, compounded continuously. If $200,000 is invested, what is the amount accumulated after 2 years? (Round to the nearest cent as needed.)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
icon
Related questions
Question
100%
Help
Find the future value P of the amount Po= $200,000 invested for time period t = 2 years at interest rate k = 6%, compounded continuously.
(...)
If $200,000 is invested, what is the amount accumulated after 2 years?
(Round to the nearest cent as needed.)
Transcribed Image Text:Find the future value P of the amount Po= $200,000 invested for time period t = 2 years at interest rate k = 6%, compounded continuously. (...) If $200,000 is invested, what is the amount accumulated after 2 years? (Round to the nearest cent as needed.)
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer