What is the total amount for an investment of $1,250 invested at 9.6% for 12 years and compounded continuously? ≈ $5006.50 ≈ $6125.25 ≈ $4062.65 ≈ $3955.64
The formula of a continuous compound interest is A=p e^rt A future value? P present value 1250 E constant R interest rate 0.096 T time 12 years A=1,250×e^(0.096×12) A=3,955.64
