How much would 500 invested compounded continuously be worth after 3 years?

Answer 1

To calculate the future value of an investment compounded continuously, you can use the formula ( A = Pe^{rt} ), where ( A ) is the amount of money accumulated after time ( t ), ( P ) is the principal amount (initial investment), ( r ) is the annual interest rate, and ( t ) is the time in years. Without a specific interest rate, I cannot provide an exact value. However, if you have an interest rate, you can plug it into the formula to find the future value after 3 years.