Math Problem Statement
Find the value of an investment of
$ 10 comma 000$10,000
for
1111
years at an annual interest rate of
4.55 %4.55%
compounded continuously.
Question content area bottom
Part 1
The value of the investment is****
$enter your response here.
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Continuous Compounding
Exponential Growth
Formulas
A = P * e^(r * t)
Theorems
Exponential Growth Theorem
Suitable Grade Level
Grades 11-12
Related Recommendation
Calculate Continuous Compounding: $10,000 Investment at 4.55% for 1111 Years
Calculate Continuous Compounding Investment of $10,000 at 4.55% for 11 Years
Continuous Compound Interest Calculation: $1,000 at 4.5% Over 2, 4, and 12 Years
Calculate Investment Value with Continuous Compounding for $10,000 at 3.15% Over 14 Years
Calculate Future Value of $16,000 with Continuous Compounding at 1.57% for 5 Years