SOLUTION: If you invest $7,100 in an account paying 8.5% compounded continuously, how much money will be in the account at the end of 2.5 years?

SOLUTION: If you invest $7,100 in an account paying 8.5% compounded continuously, how much money will be in the account at the end of 2.5 years?

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Question 387797: If you invest $7,100 in an account paying 8.5% compounded continuously, how much money will be in the account at the end of 2.5 years?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=7000*2.7183^(0.085*2.5)
A=7000*2.7183^0.2125
A=7000*1.23676787
A=8657.38
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