My Notes O Ask You Assume that there are no deposits or withdrawals. $4,000 eams

Question

My Notes O Ask You Assume that there are no deposits or withdrawals. $4,000 eams 8.5% interest, compounded continuously what will the investment be worth in 14 yea cent.) ? (Round your answer to the nearest 2 0 -11 points TGinter Aigh5 9.5.077 My Notes Ask Your Teact Assume that there are no deposits or withdrawals An account now contains $11,120 your answer to the nearest cent) and has been accumulating interest at 7% annual interest, compounded continuously, for 9 years, rind the initial deposit. (Round Need Holp? Tal

Explanation / Answer

We have given P=$4000,t=14 years,r=8.5%=0.085

We have the formula is A=Pert

A=Pert

A=4000*e^(0.085*14)=$13148.325

A=$13148.325

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