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Popular Word Problems >

Find the accumulated value of an investment of 4000 at 5% compounded continuously for 4 years.

Solución

F in d t h e a cc u m u l a t e d v a l u e o f an in v es t m e n t o f 4000 a t 5% co m p o u n d e d co n t in u o u s l y f or 4 ye a rs .

Solución

Amount : 4885.61

Pasos de solución

Translate the problem into an equation:

A = 4000 e^{0.05 \cdot 4}

4000 e^{0.05 \cdot 4} = 4885.61103 \dots

Redondear al más cercano hundredth:

4885.61

Amount : 4885.61

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