Question
Consider an investment where $46,000 is invested for 5 years at 8% compounded continuously. How much will this investment be worth after 5 years?
Consider an investment where $46,000 is invested for 5 years at 8% compounded continuously. How much will this investment be worth after 5 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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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
8th edition
134730364, 978-0134730363
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