If Jon invests this $6,000 at 7.5% compounded continuously, how much money will he have in 10 years?
Jon’s grandfather was planning to give him $12,000 in 10 years. Jon has convinced his grandfather to pay him $6,000 now, instead. If Jon invests this $6,000 at 7.5% compounded continuously, how much money will he have in 10 years?
