BrittleeJ137211 BrittleeJ137211

26-10-2022
Mathematics

contestada

Rory invests $4000 into a brokerage account which earns 2% per year. In 20 years, how much will Rorys investment be worth if compounded continuously?

Respuesta :

MarquaviousM522534 MarquaviousM522534

26-10-2022

Given:

Rory invests $4000 into a brokerage account which earns 2% per year.

Required:

In 20 years, how much will Rorys investment be worth if compounded continuously?

Explanation:

For calculation, we will use formula

[tex][/tex]

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