SOLUTION: Suppose an investment account is opened with an initial deposit of $10500 earning 6.25% interest, compounded continuously. How much will the account be worth after 25 years?

Question 1138574: Suppose an investment account is opened with an initial deposit of $10500 earning 6.25% interest, compounded continuously. How much will the account be worth after 25 years?
Answer by greenestamps(13198) (Show Source): You can put this solution on YOUR website!

For continuous compounding,

A is the final value
P is the initial principle
r is the (annual) interest rate (as a decimal)
t is time (years)

Use a calculator....
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