SOLUTION: Find the amount that results from the given investment. $70 invested at 9​% compounded continuously after a period of 2 years After 2 ​years, the investment results in ​?

Algebra ->  Finance -> SOLUTION: Find the amount that results from the given investment. $70 invested at 9​% compounded continuously after a period of 2 years After 2 ​years, the investment results in ​?      Log On


   

Question 1201783: Find the amount that results from the given investment.
$70 invested at 9​% compounded continuously after a period of 2 years
After 2 ​years, the investment results in ​?
Answer by Alan3354(69443) About Me  (Show Source):
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Find the amount that results from the given investment.
$70 invested at 9​% compounded continuously after a period of 2 years
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FV+=+PV%2Ae%5E%28rt%29
FV+=+%2470%2Ae%5E%280.09%2A2%29
FV = ~$83.81