Respuesta :

The future value of the amount is $458,083.92.

What is the future value?

The formula for calculating future value when there is continuous compounding is :

A x e^r x N

Where:

  • A= amount
  • e = 2.7182818
  • N = number of years
  • r = interest rate

25,000 x e^0.20 x 15 = $458,083.92

To learn more about continuous compounding, please check: https://brainly.com/question/26476328

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