SOLUTION: If $7000 is deposited in an account paying 8% compounded continuously, then what will it amount to after 4 years?

SOLUTION: If $7000 is deposited in an account paying 8% compounded continuously, then what will it amount to after 4 years?

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Question 212938: If $7000 is deposited in an account paying 8% compounded continuously, then what will it amount to after 4 years?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=P(e)^rt
A=7000(2.7183)^.08*4
A=7000(1.377)
A=$9639.91
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