SOLUTION: Rochelle deposits $5,000 in an IRA. What will be the value (in dollars) of her investment in 25 years if the investment is earning 7% per year and is compounded continuously? (Simp

Question 1153207: Rochelle deposits $5,000 in an IRA. What will be the value (in dollars) of her investment in 25 years if the investment is earning 7% per year and is compounded continuously? (Simplify your answer completely. Round your answer to the nearest cent.)

Answer by ikleyn(52847) (Show Source): You can put this solution on YOUR website!
.


The future value  FV = .


where e = 2.71828 is the base of natural logarithms (the Euler's number).


So, your formula is  FV = .


At this point, use your calculator.

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