Question 997782
continuous interest, i beieve, is modeled by the equation:


f = p * e^(rn)


f is the future value
p is the present value
r is the interest rate per time period.
n is the number of time periods.


you are investing 18,000 at 4.5% per year for 10 years using continuous compounding.


the formula becomes f = 18,000 * e^(.045*10) which makes f = 28229.61934