Investment the future value s of an investment earning 6, Finance Basics

Investment the future value s of an investment earning 6

Question: Investment the future value S of an investment earning 6% compounded continuously is a function of the principal P and the length of time t that the principal has been invested. It is given by

S = f(P, t) = Pe^0.06t

Find f(2000, 20), and interpret your answer.

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Finance Basics: Investment the future value s of an investment earning 6

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