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19-06-2018
Mathematics

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3. Use the formula below to find the value of $1300 invested at 4.2% interest compounded continuously for 5 years, 9 months. Round your final answer to the nearest hundredth, or cent, and show your work. Use e=2.718 .

3 Use the formula below to find the value of 1300 invested at 42 interest compounded continuously for 5 years 9 months Round your final answer to the nearest hu class=

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23-06-2018

The answer is $1655.06

A(5 + 9/12) = 1300 * (2.718) ^ (0.042 * (5 + 9/12) = 1655.06

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