SOLUTION: If $5000 is invested at an annual interest rate of 9% compounded continuously, how much is available after 5 years? Round to the nearest whole dollar. (Points: 1)

Algebra ->  Average -> SOLUTION: If $5000 is invested at an annual interest rate of 9% compounded continuously, how much is available after 5 years? Round to the nearest whole dollar. (Points: 1)      Log On


   



Question 565071: If $5000 is invested at an annual interest rate of 9% compounded continuously, how much is available after 5 years? Round to the nearest whole dollar. (Points: 1)
Answer by nyc_function(2741) About Me  (Show Source):
You can put this solution on YOUR website!
The following link will show you how to solve this question.
If after visiting the link you are not clear about what to do, get back to me.
http://www.mathwarehouse.com/compound-interest/continuously-compounded-interest.php