Question 1183132
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You deposit $6000 in an account earning 7% Interest compounded continuously. 
How much will you have in the account in 10 years?
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<pre>
Future value is


    FV = {{{6000*e^(0.07*10)}}} = {{{6000*2.71828^0.7}}} = 12082.51  dollars.    <U>ANSWER</U>
</pre>

Solved.


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To see many other similar &nbsp;(and different) &nbsp;solved problems on continuously compounded accounts, &nbsp;see the lesson

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/logarithm/Problems-on-continuously-compound-accounts.lesson>Problems on continuously compounded accounts</A> 

in this site.


After reading this lesson, &nbsp;you will tackle such problems on your own without asking for help from outside.