Annual rate-compounded continuously


Problem:

If you receive $100,000 today and can invest it at a 6% annual rate, compounded continuously, what will be your ending value after 15 years? Please provide step by step solution and show all work.

A. $239,655.82

B. 245942.12

C. 245960.311

D. 100246.86

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Finance Basics: Annual rate-compounded continuously
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