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Anonymous Anonymous
  • 13-01-2017
  • Mathematics
Answered

Suppose you have $1600, and you want to have $80,000 in 60 years. According to the Continuous Compound Interest Calculator, if you compound continuously, what interest rate do you need?

0.65%

6.52%

65.2%

652%

Verified Answer :

Anonymous Anonymous
  • 13-01-2017

A = Pe^rt

e = 2.71828

80,000 = 1,600 (2.71828)60r

answer 6.52%

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