Compounding Interest: value of $100 after 20 yrs at 10% and

[ptsoccerboy]

What is the value of a $100 investment after 20 years if the annual interst rate is 10% and interest is compounded continuously??


I know how to do these kinds of problems easily using the formula
B = P(1 + (r/n))^nt
but however, for this one, I do not know how to represent n since it is compounded continuously. Can someone please help me? Thank you

 

[Loren]

http://www.moneychimp.com/articles/finw ... unding.htm

 

[tkhunny]

You must discern the limit of the process. What happens as you increase n, making it larger and larger and larger... It is a wonderful conclusion. Your course materials don't tell?

 

[ptsoccerboy]

Thank you so much!!