Question

Find the future value if $25000 is invested at 20% for 15 years compounded continuously

Answer 1

The future value of the amount is $458,083.92.

What is the future value?

The formula for calculating future value when there is continuous compounding is :

A x e^r x N

Where:

• A= amount
• e = 2.7182818
• N = number of years
• r = interest rate

25,000 x e^0.20 x 15 = $458,083.92

To learn more about continuous compounding, please check: https://brainly.com/question/26476328

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