SOLUTION: If you invest $5,900 in an account paying 10.5% compounded continuously, how much money will be in the account at the end of 4.5 years?

SOLUTION: If you invest $5,900 in an account paying 10.5% compounded continuously, how much money will be in the account at the end of 4.5 years?

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Question 387799: If you invest $5,900 in an account paying 10.5% compounded continuously, how much money will be in the account at the end of 4.5 years?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=Pe^rt
A=5900*2.7183^(0.105*4.5)
A=5900*2.7183^0.4725
A=5900*1.604
A=9463.60
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