Christy M.

asked • 07/16/18

What is the future value of the investment after 12 years?

An investment of $85,300 earns 7.1% annual interest, compounded continuously. If no funds are added or removed from this account, what is the future value of the investment after 12 years? (Round your answer to the nearest cent.)

Future Value = $______

1 Expert Answer

By:

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.