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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.

2000e^(.08*3)=2542.50

The formula in Excel is =2000*exp(1)^(.08*3)

I think it is $2542.50

Print:

Your CD is worth $2,519.42 after 3 years.
Results Summary Initial deposit $2,000.00
Length of CD 3 years (36 months)
Interest rate 8.000% compound annually
Annual Percentage Yield (APY) 8.000%
Ending balance $2,519.42

Certificate of Deposit Balances
Year Interest Balance
$2,000.00
1 $160.00 $2,160.00
2 $172.80 $2,332.80
3 $186.62 $2,519.42
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