COMPOUNDED . INTEREST. CONTINUOUSLY COMPOUNDED INTEREST FORMULA. amount at the end. Principal. (amount at start). annual interest rate. (as a decimal). time. (in years). Suppose . $5000 is put into an account that pays 4% compounded continuously. How much will be in the account after 3 years? . ID: 533123 Download Presentation

COMPOUNDED . INTEREST. CONTINUOUSLY COMPOUNDED INTEREST FORMULA. amount at the end. Principal. (amount at start). annual interest rate. (as a decimal). time. (in years). Suppose . $5000 is put into an account that pays 4% compounded continuously. How much will be in the account after 3 years? .

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CONTINUOUSLY COMPOUNDED INTEREST

Slide2CONTINUOUSLY COMPOUNDED INTEREST FORMULA

amount at the end

Principal

(amount at start)

annual interest rate

(as a decimal)

time

(in years)

Slide3Suppose $5000 is put into an account that pays 4% compounded continuously. How much will be in the account after 3 years?

Example 1

Slide4If interest is compounded continuously at 4.5% for 7 years, how much will a $2000 investment be worth at the end of 7 years?

Example 2

Slide5How long will it take $3000 to double if it is invested in an account that pays 3% compounded continuously?

Example 3

Slide6If $8000 is invested in an account that pays 4% interest compounded continuously, how much is in the account at the end of 10 years?

Example 4

Slide7How long will it take $4000 to triple if it is invested at 5% compounded continuously?

Example 5

Slide8Slide9

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