bethanydauncey bethanydauncey

16-06-2020
Mathematics

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Suppose that 60,000 is invested at 2% interest, compounded continuously. What is the future value of the investment after 5 years?

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09pqr4sT 09pqr4sT

16-06-2020

Answer:

[tex]66000[/tex]

Step-by-step explanation:

[tex]A = P(1 + rt)[/tex]

[tex]A=60000(1+2/100*5)[/tex]

[tex]A= 60000(1.1)[/tex]

[tex]A=66000[/tex]

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