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24 October, 10:36

Suppose you have $1600, and you want to have $80,000 in 60 years. According to the Continuous Compound Interest Calculator, if you compound continuously, what interest rate do you need?

0.65%

6.52%

65.2%

652%

+5
Answers (1)
  1. 24 October, 13:12
    0
    A = Pe^rt

    e = 2.71828

    80,000 = 1,600 (2.71828) 60r

    answer 6.52%
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