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Write a formula that describes the value of an initial investment of $100 that loses value at a rate of 8% per year compounded continuously

Write a formula that describes the value of an initial investment of $100 that loses value at a rate of 8% per year compounded continuously
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write a formula that describes the value of an initial investment of $100 that loses value at a rate of 8% per year compounded continuously

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User Xenosoz
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7.8k points

1 Answer

3 votes

Answer:


A = 100(.92)^(t)

Explanation:

answered
User Umar Farooque
by
8.0k points
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