Use the compound interest formula to determine the final value of the given amount.

$1800 at 7% compounded continuously for 6 years?

the final value is $ =

Use the compound interest formula to determine the final value of the given amount.

$1800 at 7% compounded continuously for 6 years?

the final value is $ =

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Broomfield, CO

Use the compound interest formula to determine the final value of $1800 at 7% compounded continuously for 6 years.

- The formula for continuous compound interest is A = Pe
^{rt}, where- A = Amount after the given time
- P = Principal (initial investment)
- e = natural number (approx. 2.7183)
- r = interest rate (as a decimal)
- t = number of years

A = Pe^{rt}

A = (1800)e^{(0.07)(6)}

A = 1800e^{0.42}

A = 2739.53

Westford, MA

$1800 at 7% compounded continuously for 6 years?

A = 1800e^(0.07*6) = $2739.53

Woodland Hills, CA

A = P ( 1 + r ) ^n

A = 1800 * ( 1 + 0.07) ^ 6 =

= 1800 * ( 1.07) ^6 = 2701.31

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