SOLUTION: If $5000 is invested at an annual interest rate of 9% compounded continuously, how much is available after 5 years?

SOLUTION: If $5000 is invested at an annual interest rate of 9% compounded continuously, how much is available after 5 years?

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Question 332002: If $5000 is invested at an annual interest rate of 9% compounded continuously, how much is available after 5 years?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=Pe^rt
A=5000(2.7183)^.09*5
A=5000*1.56832
A=$7842.58

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