Question 1179945

$6000 at 7% compounded continuously for 5 years.

P=6000
r= 7%
5 years
continuously 

First, convert R as a percent to r as a decimal
r = R/100
r = 7/100
r = 0.07 rate per year,

Then solve the equation for A
A = Pe^rt
A = 6,000.00(2.71828)(0.07)(5)
A = $8,514.41