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HELP!!! Find the accumulated value of an investment of $2000 at 8% compounded continuously for 3 years.? |
HELP!!! Find the accumulated value of an investment of $2000 at 8% compounded continuously for 3 years.? The formula is Pe^rt. I think it is $2542.50 Print: |
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There are 18 compounding periods and each compounding period, it will add 4%. So the formula is 20,000*(1.04^18) =40,516.33 ...if you have a 10BII HP calculator its easy. The answer is 20,448.79 ...Here is the formula for future value: FV = PV(1+r)^n FV is future value, PV is present value (the amount you invest today), r is the interest rate (12.39% or .1239) and n is the number of yea... Domains go up in value when someone is willing to pay more than you did. It's all about the demand. If no one wants your domain, it's not worth anything. However, people want certain doma... FDIC insures deposits up to $100,000 per bank, so that depends on the full value of the CD, and the value of your other deposits at that bank. ...Where are you located? Def. depends on the area and the size of the condo. Both have there pros and cons. My condo is bigger then most people's homes and the bottom line is I don't mow th... there is a present value table of annuity of 1, it has a corresponding present value factor each year with corresponding percentage. ...As usual, the best thing for most folks to do is to diversify broadly. In respect of currency fluctuations, diversify across national (currency) boundaries. For US folks this would mean make sure... |
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