achieve a million dollars in 30 years at 6% interest compounded continously

:confused:

Printable View

- Sep 12th 2007, 02:53 PMjenzbearscompounded continously
achieve a million dollars in 30 years at 6% interest compounded continously

:confused: - Sep 12th 2007, 03:00 PMJhevon
the formula for continuous compounding is the same as that for bacterial growth.

where is the amount at time t, is the initial amount, is the rate of interest, and is the time.

you want to solve for

the formula is usually written as though. A is for amount, P is for principle