Using the formula A(t) = ae^rt, what is the value of an investment with an initial value (indicated by the variable a) of $1,000

Question

Using the formula A(t) = ae^rt, what is the value of an investment with an initial value (indicated by the variable a) of $1,000 that continuously compounded at 8% (r) over 50 years (t)? (Use 2.718 for the value of e.)

Kunduz · Accepted Answer

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