SOLUTION: pls i need urgent help here. Find the accumulated value of an investment of $9000 at 9% compounded continuously for 4 years. Round your answer to the nearest cent. kindly solve i

Algebra ->  Decimal-numbers -> SOLUTION: pls i need urgent help here. Find the accumulated value of an investment of $9000 at 9% compounded continuously for 4 years. Round your answer to the nearest cent. kindly solve i      Log On


   

Question 141638: pls i need urgent help here.
Find the accumulated value of an investment of $9000 at 9% compounded continuously for 4 years. Round your answer to the nearest cent.
kindly solve it for me
appreciate ur help
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
PE^RT P=PRINCIPLE, E=2.7183, R=RATE & T=NUMBER OF YEARS.
9,000*2.7183^.09*4
9,000*2.7183^.36
9,000*1.433
$12,900 ANSWER.