Answered

Question 20
1 pts
You invest $10,000 at 5% interest. How much will it be worth in 20 years if you are compounding
continuously?
$26,532
$27,182
$7,532

$127,126

Answer :

Answer:

$27,182

Step-by-step explanation:

Use the formula Pe^(r * t)

P = principal amount

e = the constant e

r = rate

t = time, in years

10,000 * e ^ (0.05 * 20)

10,000 * e ^ (1)

10,000 * e ≈ 27,182

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