Using the formula A(t) = ae^rt, what is the value of an investment with an...

50.1K

Verified Solution

Question

Basic Math

image

Using the formula A(t) = ae^rt, what is the value of an investment with an initial value (indicated by the variable a) of $1,000 that continuously compounded at 8% (r) over 50 years (t)? (Use 2.718 for the value of e.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students