SOLUTION: Tessa invests $5400 in a new savings account which earns 4.2% annual interest, compounded continuously. What will be the value of her investment after 6 years? Round to the nearest

Algebra ->  Polynomials-and-rational-expressions -> SOLUTION: Tessa invests $5400 in a new savings account which earns 4.2% annual interest, compounded continuously. What will be the value of her investment after 6 years? Round to the nearest      Log On


   

Question 1140934: Tessa invests $5400 in a new savings account which earns 4.2% annual interest, compounded continuously. What will be the value of her investment after 6 years? Round to the nearest cent.
Answer by ikleyn(52848) About Me  (Show Source):
You can put this solution on YOUR website!
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Future value = 5400%2Ae%5E%280.042%2At%29 = 5400%2A2.71828%5E%280.042%2A6%29 = 6947.62 dollars.