SOLUTION: Evelyn wants to make a 30-month investment of $12,000 into a certificate of deposit that compounds continuously at an annual interest rate of 9.8%. What will be the value of the ce

Question 1142136: Evelyn wants to make a 30-month investment of $12,000 into a certificate of deposit that compounds continuously at an annual interest rate of 9.8%. What will be the value of the certificate at maturity? Formula: A=Pe^rt
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!

( note that 30 months = 2.5 yrs )

$15,331.46
check the math

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