
Determine end value of compound interest continuously
Interactive Video
•
Mathematics, Business
•
11th Grade - University
•
Practice Problem
•
Hard
Wayground Content
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the variable 'P' represent in the continuous compounding formula?
Final amount
Time in years
Principal or initial deposit
Annual interest rate
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the formula A = P * E^(R*T), what does 'E' stand for?
The annual interest rate
The constant for continuous interest
The final amount
The principal amount
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you invest $12,000 at an 8% interest rate compounded continuously for 50 years, what is the final amount?
$500,000.00
$600,000.00
$655,177.80
$700,000.00
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the decimal form of an 8% interest rate?
8.0
0.008
0.08
0.8
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of calculator is necessary to compute continuous compounding interest?
Graphing calculator
Financial calculator
Basic calculator
Scientific calculator
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