A = P·er·t
|
( A is the final amount, t is the number of years, |
|
Example: Suppose I invest $5,000 at 6% annual interest compounded continuously for 11 years. |
| This is how you would put the values into the formula to work it out with a calculator: |
5000·e(.06)·(11) |
| If you enter the above numbers correctly on a calculator,
you should get an answer for A of $9,673.96 |
| Try entering those numbers in the appropriate spaces in the box above, press the "Calculate" button, and see if you get the correct answer. You can use this calculator to practice problems and make sure you are evaluating them correctly on your calculator. |
Created on ... Nov 18, 2009
Last updated on ... Nov 18, 2009