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Suppose you have $1600, and you want to have $80,000 in 60 years. According to the Continuous Compound Interest Calculator, if you compound continuously, what interest rate do y…

Suppose you have $1600, and you want to have $80,000 in 60 years. According to the Continuous Compound Interest Calculator, if you compound continuously, what interest rate do y…
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Suppose you have $1600, and you want to have $80,000 in 60 years. According to the Continuous Compound Interest Calculator, if you compound continuously, what interest rate do you need?

0.65%
6.52%
65.2%
652%

asked
User Armali
by
8.1k points

1 Answer

3 votes
A = Pe^rt

e = 2.71828

80,000 = 1,600 (2.71828)60r

answer 6.52%
answered
User Bewildered
by
8.4k points
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