Answer :
Answer:
Step-by-step explanation:
Continuous compounding formula
FV = PV e^it FV = ?? PV = $ 4500 i = .04 t = 12.5 yrs
Plug in the given numbers:
FV = 4500 e^(.04 * 12.5) = $ 7419.25
Answer:
Step-by-step explanation:
Continuous compounding formula
FV = PV e^it FV = ?? PV = $ 4500 i = .04 t = 12.5 yrs
Plug in the given numbers:
FV = 4500 e^(.04 * 12.5) = $ 7419.25