urgent calc word prob, if the interest is compounded continuously show worl

Calculus
Tutor: None Selected Time limit: 1 Day

Aug 2nd, 2015

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Final value at the time of retirement : $ 183047.86

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Aug 2nd, 2015

hi can you please show work

Aug 2nd, 2015

A = P(1+r )^n

where P = 4000 r =0.08 n =20 ,19,18 ,-----1

hence amount A = 4000 * [ 1.08 + 1.08^2 + 1.08^3 ..... 1.08^20]

solving we get 183047.86

Aug 2nd, 2015

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Aug 2nd, 2015
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