SOLUTION: How much would $700 be worth after 8 years, if it were invested at 5% interest compounded continuously? (Use the formula below and round your answer to the nearest cent.)

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Question 966974: How much would $700 be worth after 8 years, if it were invested at 5% interest compounded continuously? (Use the formula below and round your answer to the nearest cent.)

Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
How much would $700 be worth after 8 years, if it were invested at 5% interest compounded continuously? (Use the formula below and round your answer to the nearest cent.)
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AMT+=+700%2Ae%5E%28rt%29
AMT+=+700%2Ae%5E%288%2A0.05%29