Question

If 50100 dollars is deposited in an account for 14 years at 5.35 percent compounded continuously , find the average value of the account during the 14 years period.

Answer 1

Use
amount = principal * e^rt
where
principal = initial investment
e=napier's constant=2.7182818284...
r=annual rate of interest
t=time in number of years

Example:
1000$ invested for 3 years at 6%
amount = 1000 * e^0.06*3
= $1197.22