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How much would 150 invested at 8 interest compounded continuously be worth after 17 years?
Updated: 4/28/2022
Short answer: $584.43
For continuously compounded interest you'll use the formula V = Pe^rt V is the return Value that you had in the end. e is the mathematical constant e. r is the yearly rate of return, in this case 8% or .08. t is the number of years you will be compounding, in this case 17. So you end up with 150 * e^(17 * .08)
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635.61
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556.34
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