Suppose that interest on money in the bank accumulates at an annual rate of 6% per year compounded continuously. If you deposit $3000 in the account today, how much will it be worth 20 years from now?

Question

nathanjhw · Answer

$9960.35
       $10,030.45
       $903.58
       $10,066.36
       $6775.68

nathanjhw · Answer

@rational

nathanjhw · Answer

I just need the equation.

anonymous · Answer

I don't have any knowledge about banking and stuff like that, maybe you could rephrase the question and maybe I can help