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How much should you invest at 4.8% compounded continuously to have $5000 in 2 years?

How much should you invest at 4.8% compounded continuously to have $5000 in 2 years?
asked 89.9k views
3 votes
How much should you invest at 4.8% compounded continuously to have $5000 in 2 years?

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User Ardnew
by
7.8k points

2 Answers

4 votes

24/5


(24 * 5000 )/(5 *100 ) = (240 * 5000)/(100) = 240 * 50 = 12000 =12000 + 240 = 12240

answered
User Nicolas Cornette
by
7.8k points
2 votes

Answer:

The total compound interest is $502.74 i think

Explanation:

answered
User Dostu
by
8.6k points
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