The equation for continuous compounding is FV = (PV)eit
In this case FV = ($6650)e(.057)(10)
Just in case you meant compounded yearly: ($6650)(1.057)10
1 Expert Answer
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.
