Question

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?

Answer 1

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?

Step-by-step explanation:

For calculation, we will use formula