How much would 500 invested at 8 after 3 years
Asked by maham237 @ in Business viewed by 301 People
How much would $500 invested at 8% interest compounded continuously be worth after 3 years? round your answer to the nearest cent?
Answered by maham237 @
Amount of investment after n years at continuous compounding is givent by A = Pe^rn; where P is the initial investment, r is the rate.
Therefore, the value of $500 invested at 8% interest compounded continuously is given by 500e^(0.08 x 3) = 500e^0.24 = 500 x 1.2712 = $635.62
Similar Questions
How much would $500 invested at 5 after 4 years
Asked by maham237 @ in Mathematics viewed by 303 persons
How much would $500 invested at 5% interest compounded monthly be worth after 4 years? Round your answer to the nearest cent.
How much would $500 invested at 6
Asked by maham237 @ in Mathematics viewed by 282 persons
how much would $500 invested at 6% interest compounded continuously be worth after 4 years? round your answer to the nearest cent
How long would it take to travel 500 light years
Asked by admin @ in Physics viewed by 345 persons
The star Betelgeuse is about 600 light-years away. If it explodes tonight,
-we'll know because it will be brighter than the full Moon in the sky.
-we'll know because debris …
If 100 envelopes cost 70 cents, how much would 250 cost?
Asked by maham237 @ in Mathematics viewed by 364 persons
What year would i graduate from high school
Asked by maham237 @ in History viewed by 407 persons
If you were born in 1962 what year would you graduate from high school
500 is 10 times as much as 50
Asked by maham237 @ in Mathematics viewed by 313 persons
How many years it would take to spend avogadro's
Asked by admin @ in Chemistry viewed by 348 persons
how many years it would take to spend Avogadro's number of Rupees at the rate of 10 lakh rupees per second?
What sum invested for 2 years at 12
Asked by admin @ in Math viewed by 510 persons
What sum invested for 2 years at 12% compounded annually will glow to Rs.4390.40?
(a) Rs.4000
(b) Rs.3500
(c) Rs.3800
(d) Rs.3875
How much would the heart of the ocean be worth
Asked by admin @ in Health viewed by 279 persons
How much is the heart of the ocean worth
How long would it take to travel one light year
Asked by admin @ in Mathematics viewed by 299 persons
Interstellar Travel. Our fastest current spacecraft travel away from Earth at a speed of roughly 50,000 kilometers per hour. At this speed, how long would it take to travel the …
What will rs 500 amounts to in 10 years
Asked by admin @ in Math viewed by 302 persons
Question 31 What will Rs 500 amounts to in 10 years after its deposit in a bank which pays annual interest rate of 10% compounded annually?
Class X1 - Maths …
A sum of money was invested for 3 years
Asked by admin @ in Math viewed by 306 persons
A sum of money was invested for 3 years at the rate of 4% per annum compounded annually
amounted to $84.364.80. What is the sum invested
How much money do people spend on cigarettes a year
Asked by admin @ in Health viewed by 293 persons
How much money does the average smoker spend on cigarettes per year?
A. $ 8
B. $250
C. $3,000
D. $ 30,000
How much would a babe ruth baseball card be worth
Asked by admin @ in Mathematics viewed by 355 persons
Joshua's Babe Ruth baseball card is worth 500,000. If the value continues to grow by 2% each year, how much will the card be worth in 5 years?
a. 4,852,055.65b. …
Suppose you invest 500 at an annual interest rate of 8.2
Asked by maham237 @ in Mathematics viewed by 295 persons
Suppose you invest $500 at an annual interest rate of 8.2% compounded continuously. How much will you have in the account after 15 years?
$1,671.74
$17,028.75
$1,710.61
$8,140.92
Most viewed questions in Business
Able, baker, and charles are engaged in the marketing to and enrollment of beneficiaries into medicare health plans. mr. able is an independent agent paid directly by a health plan. ms. baker is an independent agent paid through a field marketing organization (fmo). mr. charles is an independent agent paid for his work by a third-party marketing organization (tmo). how do the cms compensation rules apply to these three agents?
Asked by maham237 @ in Business viewed by 2742 persons
Interest rates are expressed as a percentage of
Asked by maham237 @ in Business viewed by 2111 persons
How to enhance knowledge regarding environmental factors through capsim?
Asked by wiki @ in Business viewed by 1822 persons
Match the job titles with the career clusters.
Asked by maham237 @ in Business viewed by 1484 persons
A company that allows you to license software
Asked by maham237 @ in Business viewed by 1297 persons
What must be marked on ready to eat bags phfs
Asked by maham237 @ in Business viewed by 1175 persons
Henry ford was the first entrepreneur to implement which strategy
Asked by maham237 @ in Business viewed by 1086 persons
Your company was recently served with a lawsuit
Asked by maham237 @ in Business viewed by 1075 persons
Case study starting a business project schedules and curves edgenuity
Asked by maham237 @ in Business viewed by 1068 persons
Which two of the four cs of credit have to do with earning potential and available cash?
Asked by wiki @ in Business viewed by 985 persons
The total annual expenditures on advertising in the united states
Asked by maham237 @ in Business viewed by 973 persons