What is the interest earned on $20,000 for 5 years,at an interest rate of % compounded continuously?

Compounded Continuously

The process of calculating interest in which the earnings are reinvested and earn additional interest continuously over time.

Determine the accumulation of future savings through various compounding cycles.
Assess the outcomes of distinct compounding periods on the enhancement of investments.

Verified Answer

Final Answer :

$3,944.35; $3,944.35; ;23,944.35 - 20,000 = $3,944.35

;23,944.35 - 20,000 = $3,944.35

Learning Objectives

Determine the accumulation of future savings through various compounding cycles.
Assess the outcomes of distinct compounding periods on the enhancement of investments.