Learn how long to invest your money compounded continuously
Interactive Video
•
Mathematics
•
11th Grade - University
•
Hard
Wayground Content
FREE Resource
The video tutorial explains how to calculate the number of years needed to grow $100 to $1000 using continuous compounding at an 8% interest rate. It introduces the formula FV = P * e^(RT), defines the variables, and demonstrates solving for time using natural logarithms. The calculation shows it takes approximately 29 years, highlighting the power of compounding.
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3 mins • 1 pt
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