Answer to Question #174435 in Financial Math for Alex

Question #174435

How much would your investment be worth, if you invest $3500, compounded

continuously for 8 years at 7.5% APR.


A = Pe^rt


1
Expert's answer
2021-03-25T09:58:12-0400

A=Pert

where A is the investment worth after t years at r% rate of interest per annum. P is the initial investment amount.

A=3500*e0.075*8

=$6377.42

After 8 years, the $3500 investment will be worth $6377.42


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