Solved

An Initial Investment of $5000 Earns 8

Question 119

Short Answer

An initial investment of $5000 earns 8.8% interest, compounded continuously. What will the investment be worth in 12 years?
Please round the answer to the nearest cent. $__________

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents