Anonymous
Anonymous asked in Business & FinancePersonal Finance · 1 month ago

CALC HELP ?

Consider an investment where $42,000 is invested for 10 years at 6% compounded continuously. How much will this investment be worth after 10 years? (Round your answer to the nearest cent.) $ What is the total amount earned in compound interest? (Round your answer to the nearest cent.)

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  • fcas80
    Lv 7
    1 month ago

    42000 * e^(.06 * 10) = 76528.99

    76528.99 - 42000 = 34528.99

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