SOLUTION: Use the compound interest formula A=Pert to solve: Find the accumulated value of an investment of $7000 at 7% compounded continuously for 6 years.

Algebra ->  Decimal-numbers -> SOLUTION: Use the compound interest formula A=Pert to solve: Find the accumulated value of an investment of $7000 at 7% compounded continuously for 6 years.       Log On


   



Question 468365: Use the compound interest formula A=Pert to solve:
Find the accumulated value of an investment of $7000 at 7% compounded continuously for 6 years.

Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
It's A+=+P%2Ae%5E%28rt%29
A+=+7000%2Ae%5E%280.07%2A6%29
You can calculate it.