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A person invests $100,000 at a nominal 12% interest per year compounded continuously. What will be the value of the
investment in 30 years?
Round your answer to the nearest dollar. Do not include the dollar sign in your answer.
Provide your answer below:
HELP ME PLEASE

Respuesta :

karthikenk10

Answer:

25,000,000

Step-by-step explanation:

$100,000 / 0.12 = $833333.333333

$833333.333333 × 30 yrs = 25,000,000 in Dollars

aliamitchellasm

Answer:

3,659,823

Step-by-step explanation:

P=100,000, r=0.12, and t=30, and we will solve for A(30).

A(t)=Pert

A(30)=100,000e(0.12)30

A(30)=3,659,823.44

which is $3,659,823 rounded to the nearest dollar

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