Finite Math Examples

p = 6000

$p = 6000$ ,

r = 4 %

$r = 4 %$ ,

t = 4

$t = 4$

Step 1

The future value of an investment can be calculated using the current value, a rate of interest, and the length of time of the investment. This formula computes the interest in continuous time.

F V = p \cdot e^{r \cdot t}

$F V = p \cdot e^{r \cdot t}$

Step 2

Insert the known values into the formula.

F = 6000 \cdot e^{4 % \cdot 4}

$F = 6000 \cdot e^{4 % \cdot 4}$

Step 3

Simplify the result.

F = 7041.06522595

$F = 7041.06522595$

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