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Suppose that $1000 is invested now, $2000 is invest two years from now, and $3000 is invested four years from now, all at 4% per year, compounded continuously. What will be the total amount 10 years from now?

Question
Suppose that $1000 is invested now, $2000 is invest two years from now, and $3000 is invested four years from now, all at 4% per year, compounded continuously. What will be the total amount 10 years from now?
check_circleAnswer
Step 1

Calculate the future va...

FV-ΣΡxe".
=(S1,000x e10)+($2,000x e ) +(S3,000 xe)
4%xS
4%x10
(S1,000x1.49182469764127)+($2,000x1.37712776433596)
($3,000x1.27124915032140)
$1491.82469764127+S2,754.25552867191
+$3, 813.74745096421
-S8, 059.82767727740 or $8,059.83|
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FV-ΣΡxe". =(S1,000x e10)+($2,000x e ) +(S3,000 xe) 4%xS 4%x10 (S1,000x1.49182469764127)+($2,000x1.37712776433596) ($3,000x1.27124915032140) $1491.82469764127+S2,754.25552867191 +$3, 813.74745096421 -S8, 059.82767727740 or $8,059.83|

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