Find the Accumulated Amount After 4 Year(s) If $3,000 Is

question 137

Short Answer

Find the accumulated amount after 4 year(s) if $3,000 is invested at 8% compounded continuously. Round your answer to the nearest cent.
$__________

---

Definitions:

Patent

A document that grants the holder exclusive rights on an invention or process for a specified period of time, currently 20 years.

Exclusive Rights

Specific rights granted to an individual or entity, allowing them to use, produce, or sell something without interference or replication by others.

Unintentional Error

Mistakes or omissions made without the intent to deceive, often due to oversight or misunderstanding.

Theft

The act of stealing; the wrongful taking and carrying away of the personal goods or property of another with the intent to deprive the rightful owner permanently.