Does anybody know how to type this in the calculator?
FVN = PVersN = 100,000e0.02×4 = 108,328.71
I keep getting a different result.
A client keeps USD 100,000 in a bank account that pays a stated annual interest rate of 2.00%. Assuming no additions or withdrawals, how much will the client have in the account at the end of four years if the interest compounds continuously?