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How much would 160 invested at 6 percent interest compounded continuously be worth after 12 years?
The question as stated makes no sense.
Does compounded continuously mean that every tiniest moment of time the interest is 6 per cent? In that case the answer is infinite. Even if you consider the Planck time as the smallest unit of time, then far more than all the money on earth.
Alternatively, the interest rate is such that at the end of one year it is equivalent to 6%. In that case, for periods of whole years, it does not matter whether the interest is compounded continuously.
The 160 would be worth 321.95
The question as stated makes no sense.
Does compounded continuously mean that every tiniest moment of time the interest is 6 per cent? In that case the answer is infinite. Even if you consider the Planck time as the smallest unit of time, then far more than all the money on earth.
Alternatively, the interest rate is such that at the end of one year it is equivalent to 6%. In that case, for periods of whole years, it does not matter whether the interest is compounded continuously.
The 160 would be worth 321.95
The question as stated makes no sense.
Does compounded continuously mean that every tiniest moment of time the interest is 6 per cent? In that case the answer is infinite. Even if you consider the Planck time as the smallest unit of time, then far more than all the money on earth.
Alternatively, the interest rate is such that at the end of one year it is equivalent to 6%. In that case, for periods of whole years, it does not matter whether the interest is compounded continuously.
The 160 would be worth 321.95
The question as stated makes no sense.
Does compounded continuously mean that every tiniest moment of time the interest is 6 per cent? In that case the answer is infinite. Even if you consider the Planck time as the smallest unit of time, then far more than all the money on earth.
Alternatively, the interest rate is such that at the end of one year it is equivalent to 6%. In that case, for periods of whole years, it does not matter whether the interest is compounded continuously.
The 160 would be worth 321.95
What else can I help you with?
How much would 250 invested at 10 percent interest compounded continuously be after 8 years?
556.34
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556.34
How much would 220 invested at 10 percent interest compounded continuously be worth after 12 years?
730.43
How much would 100 invested at 8 percent interest compounded continuously be worth after 15 years?
332.01
How much would 200 invested at 10 percent interest compounded continuously be worth after 10 years?
543.66
How much would 600 invested at 8 percent interest compounded continuously be worth after 3 years?
762.73 - 762.75
How much would 300 invested at 7 percent interest compounded continuously be worth after 4 years?
396.93
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392.98 - 392.99
How much money has to be invested at 5.1 percent interest compounded continuously to have 17000 after 14 years?
Type your answer here... $8,324.59
