(a) If $1000 is invested at 8% per year compounded continuously(Exercise 46), what will
Chapter 8, Problem 47(choose chapter or problem)
(a) If \(\$ 1000\) is invested at \(8 \%\) per year compounded continuously (Exercise 46), what will the investment be worth after 5 years?
(b) If it is desired that an investment at \(8 \%\) per year compounded continuously should have a value of \(\$ 10,000\) after 10 years, how much should be invested now?
(c) How long does it take for an investment at \(8 \%\) per year compounded continuously to double in value?
Equation Transcription:
Text Transcription:
$1000
8%
$10,000
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